Originally Appeared in Syracuse
By Tim Knauss
January 7, 2016
The state Public Service Commission on Friday will review Charter Communications’ proposed $56 billion acquisition of Time Warner Cable, which Charter promises will bring faster internet speeds and lower prices to New York residents.
The PSC has scheduled a special session for 9:30 a.m. in Albany to review the merger, which also faces review by the Federal Communication Commission and the U.S. Department of Justice. The FCC is expected to rule on the proposal by the end of this month.
If the merger goes through, Charter would offer a minimum internet speed of 60 megabits per second, which is faster than the top speed of 50 Mbps that Time Warner Cable currently offers in most Upstate markets, the company said.