STAMFORD, Conn., Feb. 24, 2016 /PRNewswire/ -- Today, Charter
Communications, Inc. received approval of its merger with Time
Warner Cable Inc. (TWC) from the State of
New Jersey Board of Public Utilities – another important
step in the transaction review process that follows approval by the
state of New York last month.
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Charter has now secured the necessary regulatory approval from
all but two of the states it will serve as New Charter. Charter has
made a number of commitments that ensure the combined company will
deliver significant consumer benefits. These include adding
American jobs and enhancing customer service by returning Time
Warner Cable call centers to the U.S., preserving an open internet,
advancing pro-consumer and online video friendly policies
including no usage-based billing and no additional modem fees.
Charter will also offer an industry leading high speed broadband
for low income families and seniors. Having demonstrated that the
pending transactions with Time Warner Cable and Bright House
Networks are squarely in the public interest, Charter remains
confident they will close in a timely fashion.
"We are grateful to the Board of Public Utilities and its staff,
as well as the State of New Jersey Division of the Rate Counsel for
their hard work during this important review process," said
Adam Falk, senior vice president,
state government affairs for Charter Communications. "The New
Jersey BPU approval is another important step towards closing our
transactions. We are very pleased with the confidence in our
company and our commitments to our future customers demonstrated by
the actions taken today."
About Charter
Charter (NASDAQ: CHTR) is a leading broadband communications
company and the fourth-largest cable operator in the United States. Charter provides a full
range of advanced broadband services, including Spectrum TV™ video
entertainment programming, Spectrum Internet™ access, and Spectrum
Voice™. Spectrum Business™ similarly provides scalable, tailored,
and cost-effective broadband communications solutions to business
organizations, such as business-to-business Internet access, data
networking, business telephone, video and music entertainment
services, and wireless backhaul. Charter's advertising sales and
production services are sold under the Spectrum Reach™ brand. More
information about Charter can be found at charter.com
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SOURCE Charter Communications, Inc.