The chairman of the Federal Communications Commission announced on Monday he is recommending the approval of Charter Communications' $78 billion acquisition of Time Warner Cable.
The U.S. Justice Department also looked into the deal to ensure it does not violate antitrust laws, and on Monday it said it would allow the transaction to proceed, too. The agreement also covers Charter's $10.4 billion acquisition of Bright House Networks, the Los Angeles Times reports. FCC chairman Tom Wheeler said he proposed several conditions for Charter that would last seven years, specifically that they won't be able to impose data caps or charge usage-based prices and interconnection fees.
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