Charter has got the final regulatory green light it needs to acquire Time Warner Cable/Bright House Networks. That comes by way of the California Public Utilities Commission members who voted to approve the deal on Thursday.
“We are pleased to have now obtained all approvals. We look forward to closing these transactions next week and to begin delivering the many benefits of these transactions to consumers,” Tom Rutledge, Charter president and CEO, says in a statement.
A Los Angeles Times article reports that the CPUC vote was unanimous.
The FCC gave its nod to the deal last Friday, and put out the official memorandum opinion and order on Tuesday, which included a review of conditions imposed on the acquisition.
The approval in California was not always considered an easy absolute, with a consumer watchdog group there not keen on the acquisition. However, a California administrative judge recommended the deal last month (with conditions) saying it is in the public interest.
Filed Under: Industry regulations