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Charter Positions Time Warner Cable Merger For Regulators

Tom Rutledge, president and CEO of Charter Communications
Tom Rutledge, president and CEO of Charter Communications Photo Credit: Contributed

WESTCHESTER COUNTY, N.Y. -- After Charter Communications announced a $55 billion agreement to acquire Time Warner Cable, Tom Rutledge, chief executive of Charter, promised to avoid pricing tactics and invest in up-to-date broadband equipment, according to The Wall Street Journal.

Rutledge insisted that Charter would not place caps on data usage for the customers or create broadband pricing based on usage, which is a concern of regulators, reported The Wall Street Journal.

Analysts were surprised after the Time Warner Cable deal with Comcast fell through, but regulators had reservations about whether or not Comcast would interfere with online video services, due to their increased market power, reported The Wall Street Journal.

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