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New York state revokes approval of Charter-Time Warner Cable deal

New York state revokes approval of Charter-Time Warner Cable deal

The order from the New York Public Service Commission accuses Charter of "persistent actions demonstrating bad faith", claiming that the company has repeatedly failed to live up to promises it made during the merger approval process to connect more New Yorkers to high-speed internet. Under that agreement, the state allowed Charter to acquire Time Warner, making it the second-largest cable operator in the country, if the company agreed to upgrade or expand its broadband services in sparsely populated areas.

The New York State Public Service Commission said on Friday it has revoked its approval of the 2016 merger agreement between Charter Communications Inc and Time Warner Cable, arguing that the USA broadband provider failed to meet terms of the merger agreement.

The Commission says its decision, which would order the company out of the state in 60 days, is based on "various instances of misconduct" that include failures to meet deadlines, skirting obligations to serve rural communities and purposeful obfuscation of its performance and compliance obligations. ". The commission has previously directed Charter to cease its misleading campaign and has referred the matter to the NY attorney general for appropriate action".

"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", added Commission Chair John B. Rhodes. "Charter's noncompliance and brazenly disrespectful behavior toward NY state and its customers necessitates the actions taken today seeking court-ordered penalties for its failures, and revoking the Charter merger approval". "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".

Charter will undoubtedly do everything in its power to block this move, so don't expect Spectrum to suddenly vanish from NY in two months, but perhaps this will at least lead to some positive changes. The state lawyers plan to bring an enforcement action in NY state court. According to the commission, Spectrum has blown past every network expansion target since the merger, while falsely claiming to customers that it is exceeding these commitments. In 2016, the two companies merged together with Time Warner Cable.

"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".

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

In yesterday's press release, the authorities noted persistent "failures in maintenance", by which they sinned provider, as well as "outrageous" disregard for Charter Communications a number of conditions exhibited prior to approval of its merger with TWC. NY has also requested that Spectrum design a transition plan.

Spectrum - formerly known as Charter - is one of the most popular cable television and Internet access providers in the United States.

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