NY commission revokes approval of Charter-Time Warner Cable merger

NY commission revokes approval of Charter-Time Warner Cable merger

Charter must also ensure no interruption in service by customers and, in the event it does so, the PSC will take further steps, including seeking injunctive relief in Supreme Court in order to protect NY consumers. "(T) he time has come for stronger actions to protect New Yorkers and the public interest", commission chairman John B. Rhodes said in a prepared statement. Chater has 60 days to complete services as the state transition to a new provider.

Chad Hume, a longtime official overseeing telecommunications at the public service commission who retired in 2015, said he can't recall an action like this from the regulator in his decades in the industry. But, the commission said, Charter soon missed its first deadline to expand its network to an additional 36,250 homes by May 2017. It could also force Charter to find a buyer for its NY systems, though Charter is likely to challenge the order, a person familiar with the company's thinking said.

"In the weeks leading up to an election, rhetoric often becomes politically charged", Charter said in its statement.

He added that the company tried to "mislead the public" by saying it had provided new service to 12,467 addresses in New York City, when in fact those households already had service.

John Sipos, the Public Service Commission's deputy general counsel, said the commission "explicitly conditioned its approval [of the merger] on a host of conditions created to yield incremental net benefits to NY". "But the fact is that Spectrum has extended the reach of our advanced broadband network to more than 86,000 NY homes and businesses since our merger agreement with the PSC".

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The commission states Charter failed to uphold promises and follow regulations that were set in place during the Time Warner Cable merger.

If you live in NY, what's your take on this decision? But the fact is that Spectrum has extended the reach of our advanced broadband network to more than 86,000 NY homes and businesses since our merger agreement with the PSC.

In addition to be kicked out of the state, the Commission is asking for a total of $3 million in penalties for missing previous milestones.

In a meeting on Friday, the New York State Public Service Commission voted unanimously to revoke its approval of the 2016 merger agreement between Charter and Time Warner Cable because, since the merger, the company has apparently made it clear that it has no intention of following through with its side of the bargain.

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