California regulators approve Charter’s takeover of Time Warner Cable

Charter-Communications-California

California regulators have approved Charter Communication’s takeover of Time Warner Cable and Bright House Networks, a decision that has rattled some customers and leaves open questions about whether limiting competition for consumers.

The Los Angeles Times reported that the California Public Utilities Commission unanimously approved on Thursday the transfer of phone licenses, an affirmation needed to complete the merger of the three cable companies.

The Federal Communications Commission approved the $71-billion acquisition last week under several conditions lauded by some consumers. Charter pledged it would not attempt to thwart development of video streaming services. The cable giant also agreed to lay cable lines in regions without lines, offering discounted Internet plans for low-income families with children and low-income seniors.

Charter agreed to not impose data caps on its customers or usage-based fee structures for at least three years. Charter is poised to become the largest Internet service and pay-TV provider in Southern California with more than 2 million households. It’s also expected to be a major provider in Dallas, New York and parts of Florida.

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