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Time Warner Cable customers who bought modems may have to pay rental fee after Charter takeover

Time Warner Cable customers who bought modems may have to pay rental fee after Charter takeover

Thousands of Time Warner Cable Inc. customers who bought their own modems for high-speed Internet service could end up paying to rent one anyway after Charter Communications Inc. completes its proposed purchase of the company.

Charter is the only major pay-TV provider that bundles the rental fee for a cable modem into its price for Internet service, so there's no discount for customers who buy their own device.

Its unusual policy could have a major effect in Los Angeles, where the company is set to become the dominant pay-TV provider with about 1.8 million subscribers.

In the coming months, federal regulators are expected to approve Charter's $56.7-billion purchase of...

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