Charter gets final approval to stay in NY despite breaking merger promise

A Charter Spectrum service van for installing and maintaining cable service.

Enlarge / A Charter Spectrum vehicle in West Lake Hills, Texas. (credit: Tony Webster)

Charter Communications has received final approval to stay in New York State despite violating merger commitments related to its 2016 purchase of Time Warner Cable.

The New York State Public Service Commission (PSC) had revoked its approval of the merger and ordered Charter to sell the former Time Warner Cable system in July 2018. Charter repeatedly failed to meet deadlines for broadband expansions that were required in exchange for merger approval, state officials said.

But Charter and state officials struck a deal in April, and yesterday the PSC approved the settlement.

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