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California regulators approve Charter's takeover of Time Warner Cable

California regulators approve Charter's takeover of Time Warner Cable

Charter Communications has cleared a final regulatory hurdle in its nearly year-long quest to clinch its $71-billion acquisition of Time Warner Cable and Bright House Networks.

California Public Utilities Commission members on Thursday voted unanimously to approve the transfer of phone licenses, a blessing needed by Charter to complete the merger of three cable companies.

Charter is expected to finalize the Time Warner Cable and Bright House transactions next week, and then work to consolidate its cable systems nationwide. The Federal Communications Commission approved the deal last week after attaching several conditions aimed at expanding the availability of broadband...

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