The Federal Communications Commission on Friday approved Charter Communications' purchase of Bright House Networks and Time Warner Cable.

The FCC’s approval comes nine days after the Department of Justice gave a green light for the purchase to proceed. The FCC imposed a number of conditions designed to benefit consumers on the $67 billion deal. The FCC says it will release those conditions and their reasoning for approving the deal soon.

Charter Communications President and CEO Tom Rutledge thanked the FCC commissioners for, in his words, “their thorough review” of the transaction. In a statement, Rutledge said the deal will provide greater competition, better access to affordable broadband with more consumer-friendly broadband policies and additional U.S. jobs.

The final hurdle in the regulatory process should come May 12. That’s when the California Public Utilities Commission is expected to vote on the deal that will create the country’s second largest cable and broadband company.

Here is the official statement from Charter Communications:

The Federal Communications Commission Approves Charter's Merger With Time Warner Cable And Acquisition Of Bright House Networks

STAMFORD, Conn., May 6, 2016 /PRNewswire/ -- Today, Charter Communications, Inc. received approval from the Federal Communications Commission for its merger with Time Warner Cable Inc. and acquisition of Bright House Networks. The California Public Utilities Commission vote is scheduled for May 12th, following last month's recommendation for approval from the California Administrative Law Judge.
"I want to thank Chairman Wheeler and Commissioners Clyburn, Rosenworcel, Pai and O'Rielly for their thorough review of these transactions," said Tom Rutledge, President and CEO of Charter Communications. "The significant benefits of these transactions are clear; greater competition, more consumer and OTT friendly broadband policies, broader access to affordable broadband, and added U.S. jobs. The conditions are largely extensions of the longstanding consumer friendly values and practices of our company, and based on the commitments we put forward during the review process. Charter will be a stronger competitor in the broadband and video markets, well positioned to deliver these benefits and more to consumers."
Charter agreed to a number of conditions as part of the FCC approval. Many of the conditions either codified or reflected specific commitments Charter offered proactively at the beginning of the transaction review process, including no data caps or usage-based billing, a commitment to build out high-speed broadband service to unserved and underserved customers, the fastest low-income broadband program of any major service provider, and settlement-free peering.

About Charter

Charter (NASDAQ: CHTR) is a leading broadband communications company and the fourth-largest cable operator in the United States. Charter provides a full range of advanced broadband services, including Spectrum TV™ video entertainment programming, Spectrum Internet™ access, and Spectrum Voice™. Spectrum Business™ similarly provides scalable, tailored, and cost-effective broadband communications solutions to business organizations, such as business-to-business Internet access, data networking, business telephone, video and music entertainment services, and wireless backhaul. Charter's advertising sales and production services are sold under the Spectrum Reach™ brand. More information about Charter can be found at charter.com

Bright House Networks is the parent company of Bay News 9, News 13, Bright House Sports Network and InfoMás.