Charter's new footprint. (The numbers are slightly lower than actual as they're based on year-old data.) (credit: Charter)
The Federal Communications Commission just announced that it approved Charter's acquisitions of Time Warner Cable (TWC) and Bright House Networks, allowing Charter to nearly quadruple in size.
Charter will face conditions designed to boost broadband competition and prevent harms to online video providers that compete against the cable companies' TV services. Chairman Tom Wheeler's proposed conditions were approved over opposition from Republican commissioners.
Charter just needs to tie up a few loose ends before completing the deal. The Department of Justice has proposed a settlement that will allow the merger to proceed, and approval from California state regulators could come in a vote on May 12. When announced last year, Charter expected the acquisitions to cost a combined $67.1 billion.
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