A week after clearing its final regulatory hurdle, Time Warner Cable is set to become Charter Communications.

Company officials say the transaction is expected to close Wednesday, bringing together Charter, Time Warner Cable and Bright House Networks as the country's second-largest cable provider.

The company will be the new home of TWC News and NY1.

Charter moved to purchase Time Warner Cable in May 2015 after Comcast, the nation's largest cable operator, backed out of its own bid to buy TWC due to regulatory hurdles.

The Charter deal received approval from the FCC and the Department of Justice over the last month, and cleared its final regulatory hurdle when it received approval from the California Public Utilities Commission last week.

The newly combined company will provide TV, Internet and phone services to a total of 23.9 million customers in 41 states.