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Publish Date : 14-May-2016

Charter's bid to buy Time Warner cleared its terminal regulatory obstacle, when regulators on the California Public Utility Commission sanctioned the $55 billion pact.

The Federal Communications Commission affirmed the deal, while regulators in New Jersey and New York sanctioned the takeover earlier this current year.

Charter likewise is considering to buy Bright House Networks. When both mergers end, the firm's broadband base will be augmented to about 30% of the nation.

Charter and Comcast jointly will control about 70% of U.S. Internet connections faster than 25 Mbps, the FCC's present definition of broadband.

Albeit the FCC affirmed the pact, the agency's order, made a debut this week, specifies that regulators are wary of the firm's control over broadband connections.

"We conclude that the transaction will materially alter the Applicants incentives and abilities in ways that are potentially harmful to the public interest," the final order states.

The FCC then presents several measures the firm to be named "New Charter" after the mergers end could thwart vie from over-the-top online video distributors.

"New Charters increased broadband footprint and desire to protect its video profits will increase incentives to impose data caps and usage-based prices in order to make watching online video more expensive, and in particular more expensive than subscribing to a traditional pay-TV bundle," the FCC says in the order.

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