PSC Revokes Charter Merger Agreement
July 30, 2018
(July 29, 2018) – In a surprise move, the state Public Service Commission announced Friday it’s rescinding its 2016 approval of the merger between Charter/Spectrum and Time Warner Cable. The PSC cited Charter/Spectrum for failing to show it would make good on the conditions of the merger to upgrade and expand its services for unserved and underserved locations. The PSC accused Charter/Spectrum of repeated failures to meet deadlines, attempts to skirt obligations to serve rural communities, unsafe practices in the field, failure to fully commit to its obligations under the 2016 merger agreement and the purposeful obfuscation of its performance and compliance obligations to the commission and its customers.