Monday, July 30, 2018
NY Wants To Ban State's Largest Cable Provider
New York is moving to ban Charter Communications from operating in the state after regulators said it failed to live up to the commitments it made when its merger with Time Warner Cable was approved in 2016.
The New York State Public Service Commission (PSC) voted Friday to revoke its approval of the merger, calling the company's behavior since the deal closed "brazenly disrespectful."
"Charter's repeated failures to serve New Yorkers and honor its commitments are well documented and are only getting worse," PSC Chairman John Rhodes said in a statement. "After more than a year of administrative enforcement efforts to bring Charter into compliance with the Commission's merger order, the time has come for stronger actions to protect New Yorkers and the public interest."
Charter, which operates under the name Spectrum, is New York's largest cable provider. The commission on Friday ordered the company to come up with a plan to transition its 2 million customers in the state to new service providers.
Posted 3:08:00 AM