SoylentNews

"exec" writes:

Arthur T Knackerbracket has found the following story:

The New York State Public Service Commission (PSC) today voted to revoke its approval of Charter Communications' 2016 purchase of Time Warner Cable (TWC). The PSC said it is ordering Charter to sell the former TWC system that it purchased in New York, and it's "bring[ing] an enforcement action in State Supreme Court to seek additional penalties for Charter's past failures and ongoing noncompliance."

Charter has repeatedly failed to meet deadlines for broadband expansions that were required in exchange for merger approval, state officials said. The PSC has steadily increased the pressure on Charter with fines and threats, but Charter never agreed to changes demanded by state officials.

As a result of today's vote, "Charter is ordered to file within 60 days a plan with the Commission to ensure an orderly transition to a successor provider(s)," the PSC's announcement said. "During the transition process, Charter must continue to comply with all local franchises it holds in New York State and all obligations under the Public Service Law and the Commission regulations. 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 New York consumers."

[...] Charter has denied failing to meet obligations to expand broadband service. But as we've previously written, state officials say that Charter is trying to count locations that it was already required to serve as part of franchise agreements toward its merger commitments.

[...] Charter's statement did not say whether it will appeal the PSC decision, or whether it will comply with the PSC's order to sell the former Time Warner Cable system in New York. We asked Charter those questions today and will update this story if we get a response.

-- submitted from IRC

Original Submission