It's official: Constitution owns Time Warner Cable

It's official: Charter owns Time Warner Cable

Flickr / Jim Larrison

Constitution Communications bought Time Warner Cable in a deal estimated at $seventy eight billion, and immediately the US Division of Justice and Federal Communications Fee gave the acquisition the inexperienced mild. The businesses agreed to the deal in Might 2015, when it was estimated at $fifty five billion. The approval comes with a couple of caveats: The DoJ says Constitution is just not allowed to impede entry to streaming content material, for one. FCC chairman Tom Wheeler says Constitution won’t be allowed to impose knowledge caps or cost utilization-based mostly costs, nor will it be capable of cost interconnection charges.

“All three seven-yr circumstances will assist shoppers by benefitting [online video provider] competitors,” Wheeler says. “The cumulative influence of those circumstances will probably be to offer further safety for brand spanking new types of video programming providers provided over the Web.”

Constitution has been searching Time Warner Cable since early 2014. Right now’s approval additionally covers Constitution’s buy of Shiny Home Networks, a deal valued at $10.four billion.