Charter/Time Warner Cable gets nod from New York state

Charter Communications, Inc. has received approval of its merger with Time Warner Cable Inc. (NYSE: TWC) from the state of New York, bringing the close of the Charter transactions another step closer.

This action by New York puts Charter´s pending transactions with TWC and Bright House Networks (BHN) in a strong position as the companies continue to demonstrate that New Charter is squarely in the public interest.

As part of the approval process with the NYPSC, Charter also made additional commitments regarding providing a minimum speed of 60 Mbps as well as offering a speed of 300 Mbps throughout the state, building out its networks to currently unserved residential and commercial areas in its footprint, and investing in and enhancing customer service.

Charter is a broadband communications company that provides broadband services, including Spectrum TVâ„¢ video entertainment programming, Spectrum Internetâ„¢ access, and Spectrum Voiceâ„¢.