Entertainment

Charter Lists Consumer Benefits to Win Merger Approval

Published

9 years ago

June 26, 2015

Kyle Yeldell

This Feb. 2, 2009 file photo shows a Time Warner Cable truck in New York .Charter Communications is close to buying Time Warner Cable for about $55 billion, two people familiar with the negotiations said Monday, May 25, 2015. (AP Photo/Mark Lennihan, File)

This Feb. 2, 2009 file photo shows a Time Warner Cable truck in New York. (AP Photo/Mark Lennihan, File)

(Reuters) – Charter Communications Inc. formally argued for regulatory approval for its TimeWarner Cable Inc. and Bright House Networks deals, saying consumers would benefit as Internet services would become cheaper and faster.

Charter said in a filing with the Federal Communications Commission (FCC) on Thursday that it would not block or suppress Internet traffic or prioritize content for a fee and that its broadband services would cost less than the current offerings of Time Warner (TWC) and Bright House.

In its first official argument in support of the deals, Charter also said the new company would not harm online video services providers as its success would depend on the broadband business rather than on video services.

Charter would invest at least $2.5 billion in commercial areas and deploy over 300,000 out-of-home WiFi access points, according to the filing.

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