NY OKs Charter/TWC Deal

Charter Communications (NASDAQ:CHTR) says it has received approval of its merger with Time Warner Cable (NYSE:TWC) from the state of New York. The action by New York brings Charter's pending transactions with TWC and Bright House Networks a little closer to reality.

As part of the approval process with the NYPSC, Charter also made additional commitments regarding providing a minimum Internet speed of 60 Mbps as well as offering a speed of 300 Mbps throughout the state, building out its networks to currently unserved residential and commercial areas in its footprint, and investing in and enhancing customer service.