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Last obstacle for Time Warner Cable, Bright House deal cleared

Staff writer |
The California Public Utilities Commission (CPUC) has unanimously approved the transfer of control of various Time Warner Cable and Bright House California systems and telcos to Charter.

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That was the last remaining obstacle to closing the deal, which is now expected to close next week.

A CPUC Administrative Law Judge had recommended the conditional approval, but that was a recommendation and still needed to be voted.

“We are pleased to have now obtained all approvals," said Charter CEO Tom Rutledge. "We look forward to closing these transactions next week and to begin delivering the many benefits of these transactions to consumers.”

The vote came at its public meeting in Sacramento and followed public and legislator comment on the deal.

Charter agreed to allow parties to various memoranda of understanding (MOUs), as well as the commission, to monitor them.

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