Originally Appeared in DSL Reports
By Karl Bode
January 8, 2016
In what will likely be the first of many, New York State regulators say they’ve approved Charter’s $79 billion acquisition of Time Warner Cable (including Bright House) — with a few conditions. The New York State Public Service Commission (PSC) ruled that in order to get approval, Charter needs to provide Internet, TV and phone services to all homes within the current Time Warner Cable service territory – including rural areas – and provide 300 Mbps Internet speeds to all New Yorkers by 2019.
Time Warner Cable already offers 300 Mbps in New York State, and while likely would have upgraded the rest of the state eventually, this deal might expedite those efforts.