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Charter (CHTR) Stock Closes Up, FCC Approves Time Warner Cable Merger

NEW YORK (TheStreet) -- Charter Communications (CHTR - Get Report) stock closed up 0.42% to $212.92 on Friday after the Federal Communications Commission approved its merger with Time Warner Cable (TWC) and the acquisition of Bright House Networks.

Charter agreed to certain conditions, including not implementing data caps or usage-based billing. The company also agreed to invest in high-speed broadband service in underserved and unserved areas.

"The conditions are largely...