Now six weeks after New York government officials ordered Charter Communications to leave the state, Charter has received two deadline extensions and is trying to negotiate a deal that would let it keep operating in New York.
The New York State Public Service Commission (PSC) voted on July 27 to revoke its approval of Charter’s 2016 purchase of Time Warner Cable (TWC) and gave Charter 60 days to file a plan for transferring the network to another provider. New York alleges that Charter hasn’t expanded its network enough to meet broadband deployment requirements that it agreed to in order to get the merger approved. Charter claims it has met the requirements, and it vowed to fight the order to leave the state.
But there’s still a chance that Charter and New York could strike a deal that would avert a lengthy court battle and sale of the network to a new provider. Charter was originally ordered to submit an exit plan by September 25 and to leave the state six months after that. But the PSC has now granted two extensions, resulting in a November 8 deadline for filing an exit plan and a May 8, 2019 date for leaving New York. In the meantime, both sides say they’ve been having productive talks.
Author: Da Feed
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