The state Public Service Commission on Friday revoked approval of Charter Communications' merger with Time Warner Cable and gave it 60 days to submit a plan to transfer operations to another company. As such, the commission concludes that it can no longer allow the company to operate in NY in good faith. "The most critical of these conditions required Charter to expand the company's network. within less-populated areas of NY". NY is giving Charter a 60-day grace period to continue operating in the state to provide service to customers, and during the time it must aid in helping to find a replacement service provider and to help ease the transition process.
On Friday, the PSC voted unanimously to revoke the 2016 agreement.
NY announced Friday that Charter Communications, Inc., doing business as Spectrum, is no longer permitted to serve customers in the state.
Public Service Commission Chairman John Rhodes said the failures of Charter have been getting worse over the past year.More news: Trump Warns Iran: ‘Never, Ever Threaten the United States Again’
"Charter must ensure no interruption in service is experienced by customers, and, in the event that Charter does not do so, the commission will take further steps, including seeking injunctive relief in Supreme Court in order to protect NY consumers", the Public Service Commission said in a prepared statement.
"In the weeks leading up to an election, rhetoric often becomes politically charged", Russell sad.
The commission alleges Charter has repeatedly failed to meet deadlines for improving internet speeds and has attempted to skirt obligations to provide high-speed internet to rural communities. As a result of Charter's adamant refusal to abide by the conditions of the merger approval, the Commission ordered Charter to develop a transition plan.
Friday's vote, if it survives any legal challenges that are filed, would bar Charter from operating in 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.More news: Celebrities dazzle at Akash-Shloka’s engagement party
Charter also must pay the commission another $1 million in fines, on top of $2 million already paid. In a statement, the company said they have "extended the reach of [their] advanced broadband network to more than 86,000 NY homes and businesses". Charter's claims are simply false and the Commission will not stand idly by while Charter deceives the public and its shareholders.
7 News has reached out to Charter for comment.
Charter is the largest cable provider in the state.More news: House Freedom Caucus Leaders Call For Rosenstein Impeachment
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