Charter gains Louisville, Ky. franchise on pledges of higher Internet speeds, free Wi-Fi

Charter Communications (NASDAQ: CHTR) gained approval of the Louisville, Ky., Metro Council to take over Time Warner Cable's (NYSE: TWC) franchise there by making three key concessions: increase base Internet speeds, offer free Wi-Fi and provide 1 Gbps service.

The service provider, which is in the process of getting federal approval to acquire TWC and Bright House Networks, said that it would increase its base Internet download speed from 15 Mbps to 60 Mbps while pledging to offer low-cost broadband to qualifying customers. Additionally, Charter plans to bring Wi-Fi to city-owned community centers and provide 1-gig Internet service to a city-managed subdivision as a "demonstration project." Check out this FierceCable article. 

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