The New York Public Service Commission has taken away its approval of the merger between Charter Communications and Time Warner Cable – a move that would effectively eliminate their ability to operate in the state.
The utility regulator says the company has “made it clear that it has no intention of providing the public benefits upon which the commission’s earlier approval was conditioned.”
In one of the major sticking points, the PSC says Charter has failed to extend its high-speed broadband network to 145,000 “unserved and underserved homes and businesses” in rural areas.
The PSC says it is also seeking additional penalties against the company.
The commission called attention to the following items:
– The company’s repeated failures to meet deadlines;
– Charter’s attempts to skirt obligations to serve rural communities;
– Unsafe practices in the field;
– Its failure to fully commit to its obligations under the 2016 merger agreement; and
– The company’s purposeful obfuscation of its performance and compliance obligations to the Commission and its customers.
A statement from the PSC indicates that the company has been given 60 days to vacate the state.
Charter provided NewsChannel 9 with the following statement:
In the weeks leading up to an election, rhetoric often becomes politically charged. But the fact is that Spectrum has extended the reach of our advanced broadband network to more than 86,000 New York homes and businesses since our merger agreement with the PSC. Our 11,000 diverse and locally based workers, who serve millions of customers in the state every day, remain focused on delivering faster and better broadband to more New Yorkers, as we promised.