New York State revokes approval of the Charter-Time Warner merger

New York State revokes approval of the Charter-Time Warner merger

Nationwide, Charter has 26 million customers, and the company would continue to own former Time Warner Cable systems in states besides NY.

The commission is giving Charter 60 days to come up with an exit plan from NY and has ordered the firm to pay $3 million in penalties. The state also fined the company $3 million and said it must provide uninterrupted service during the transition period.

In a statement, Charter said the claims made by the commission were "politically charged" and tied to the state's election season.

Today in a move many didn't think would happen NY ordered Chater to leave the state.

Charter is the largest cable provider in the state, with more than 2 million customers.

Spectrum reportedly failed to meet deadlines, attempted to skirt obligations to serve rural communities and used unsafe practices in the field.

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That pledge was one of the "most critical" conditions attached to the merger approval, the commission argued in an order posted online Friday.

Under the terms of its $60 billion merger with Time Warner Cable, Charter agreed to expand its broadband services over four years to reach a total 145,000 unserved and underserved homes in less-populated areas of the state.

The commission approved the decision unanimously and also voted to bring forward a civil lawsuit against the company. One solution could see Charter spinning off its NY division; it's also possible that the division could be sold to someone else.

Commission Chairman John Rhodes said Charter's "deliberate and sustained failure to perform.is simply not serving" the population meant to benefit from the merger.

"These recurring failures led the Commission to the broader conclusion that the company was not interested in being a good corporate citizen and that the Commission could no longer in good faith and conscience allow it to operate in NY", the PSC said in its announcement.

In the meantime, Charter must comply with all local franchises it holds in New York State and all obligations under Public Service Law and commission regulations. The company said it has extended its advanced broadband network to more than 86,000 NY homes and businesses since the merger agreement and is focused on continuing that work. "Charter's non-compliance and brazenly disrespectful behavior toward New York State and its customers necessitates the actions taken today seeking court-ordered penalties for its failures, and revoking the Charter merger approval". What is just as bad is that thousands of New Yorkers who are waiting for the broadband access Spectrum keeps advertising it is providing are still stuck with 20th Century technology.

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