Charter CEO meets with FCC chairman on cable acquisitions

Mon Apr 11, 2016 5:52pm EDT
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By David Shepardson

WASHINGTON (Reuters) - The chief executive officer of Charter Communications Inc (CHTR.O: Quote) met last week with the head of the U.S. Federal Communications Commission (FCC) on the cable company's proposed acquisition of Time Warner Cable Inc TWC.N and Bright House Networks.

The meeting Wednesday came as the FCC continues its review of the proposed tie-ups after an informal 180-day FCC review period ended March 25.

Charter CEO Tom Rutledge met with FCC chairman Tom Wheeler Wednesday to discuss "the public interest benefits of its proposed transaction with Time Warner Cable and Bright House Networks and the ways in which it will enhance competition," according to a filing with the FCC by Charter.

It is the second meeting between Wheeler and Rutledge in less than a month; the pair also met March 16, according to a separate Charter filing.

The company discussed the expansion of its "broadband network to new customer locations and its commitments to settlement-free interconnection and broadband service without usage based pricing or data caps," the filing said.

In a brief interview Tuesday as he exited a Senate hearing, Wheeler declined to comment on the status of the Charter review. "Stay tuned," he said.

Charter said in May that it would buy Time Warner Cable, the fourth-largest U.S. cable company, in a $56 billion cash-and-stock deal that would make it the No. 2 U.S. Internet and cable company after Comcast Corp (CMCSA.O: Quote).

Shareholders of both companies and most U.S. states have approved the deal.   Continued...

A Time Warner Cable service technician works on cable service from a van parked on the Upper West side of the Manhattan borough of New York City, May 26, 2015. REUTERS/Mike Segar