Charter gets approval in New York for Time Warner Cable deal

Charter Communications Inc. said Friday that it has received the go-ahead for its merger with Time Warner Cable Inc. in the state of New York. As a condition for the approval, Charter is obligated to provide a minimum speed of 60 megabits per second and offer a speed of 300 mbps throughout the state. The company will also expand its network to provide services in unserved areas.

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From:: Stock Market News

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