http://www.dslreports.com/shownews/Charter-Deal-Approval-Could-be-Delayed-to-June-135740
State level reviews of Charter's proposed acquisition will likely delay approval of Charter's $77 billion acquisition of Time Warner Cable and Bright House Networks. Charter has promised to adhere to net neutrality and avoid usage caps for a period of three years after the deal closes, a window consumer advocates argue needs to be much larger to be meaningful. Since it involves much less vertical integration in the ad and broadcast markets than the Comcast merger, Charter's deal is widely expected to be approved by regulators.
Still, in a research note to investors, RBC Capital Analyst Jonathan Atkin states that state regulators are digging deep into the deal's potential impact on local markets:quote:"...state regulatory bodies are taking on more of an active role in the CHTR/TWC cable merger. In California, an administrative law judge decision is slated for May, with a vote slated for June 16, 2016. This delay of approximately two months vs. the original timeline reflects the (law judge) acceptance of public interest group arguments to introduce evidentiary hearings."That means that the deal will likely close in June, though it should take Time Warner Cable and Bright House customers notably more time to see any meaningful changes to their service.
State level reviews of Charter's proposed acquisition will likely delay approval of Charter's $77 billion acquisition of Time Warner Cable and Bright House Networks. Charter has promised to adhere to net neutrality and avoid usage caps for a period of three years after the deal closes, a window consumer advocates argue needs to be much larger to be meaningful. Since it involves much less vertical integration in the ad and broadcast markets than the Comcast merger, Charter's deal is widely expected to be approved by regulators.
Still, in a research note to investors, RBC Capital Analyst Jonathan Atkin states that state regulators are digging deep into the deal's potential impact on local markets:quote:"...state regulatory bodies are taking on more of an active role in the CHTR/TWC cable merger. In California, an administrative law judge decision is slated for May, with a vote slated for June 16, 2016. This delay of approximately two months vs. the original timeline reflects the (law judge) acceptance of public interest group arguments to introduce evidentiary hearings."That means that the deal will likely close in June, though it should take Time Warner Cable and Bright House customers notably more time to see any meaningful changes to their service.
