If the states obtain an injunction before the deal is consummated, "that would bring things to a halt."
The companies agreed to expand mobile access and to divest the prepaid business Boost.
The $3.9 billion deal is the largest in the history of the TV station operator, which is known for conservative-leaning programming.
The FCC says the largest U.S. cell provider failed to disclose it was injecting tracking code into web traffic to serve advertisers.
The $195-per-share offer is a 14% premium to Time Warner's closing price last Friday, and a 24% premium to Time Warner's undisturbed share price a week ago.
“These enforceable, bright-line rules will ban paid prioritization, and the blocking and throttling of lawful content and services," says Tom Wheeler.
Despite a $32 billion market cap, Dish Network received small business-related discounts in the recent spectrum auction by the government, says a regulator.
A plan to allow digital content providers to pay for Internet 'fast lanes' could deal a blow to competitors that don't have deep pockets.
