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Charter’s giant acquisition of Cox has cleared a major regulatory hurdle.
The California Public Utilities Commission (CPUC) has approved the $34.5 billion deal with some conditions, as reported by Fierce Network. However, the approval comes with some conditions, including that the combined company must have affordable broadband offerings “for low-income Californians” for five years and invest “at least $275 million to upgrade the company’s California network.”
The deal is expected to close next week. It has already been approved by the FCC.
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