Charter says consumers will be the winners after $67B in deals turns it into a cable giant
Charter is trying to convince the government that consumers will benefit if it is allowed to create a cable giant through its proposed $67.1 billion acquisition of Time Warner Cable and Bright House.
Charter Communications Inc. says it will roll out faster Internet with no data caps, and that it will not block or slow traffic or permit paid fast lanes for some content.
The government's new "net neutrality" rules prohibit those practices, though internet providers have sued to throw out the rules.
Federal Communications Commission Chairman Tom Wheeler has suggested that the St. Louis company needs to show not only that the deal won't harm the public, but how a more powerful Charter would benefit them.
Comcast scrapped a Time Warner Cable deal this spring after pushback from regulators.