Comcast/TWC merger vote delayed after NY regulators find “deficiencies”
The New York Public Service Commission has delayed its vote on the Comcast/Time Warner Cable merger from October 2 to November 13.
The delay comes as the commission reviews recommendations from the state Division of Consumer Protection's Utility Intervention Unit (UIU). In a filing on August 25, the UIU described "deficiencies associated with the Companies’ current substandard customer service" and said the merger should not be approved unless certain conditions are imposed. The UIU also said there are "deficiencies" in the companies' petition with the state, "specifically, in the areas of improving the Companies’ service to its New York customers, making universal broadband more affordable, increasing broadband speed, and investing in infrastructure, including ways to remedy those deficiencies." Conditions proposed to remedy the problems include expanding eligibility for Comcast's low-cost Internet service for poor people, preservation of Time Warner Cable's $14.99-per-month standalone broadband service for all customers regardless of income status, expansion of broadband in rural areas, implementation of a service quality measure, preservation of customer service jobs in New York, and "the creation of two additional voting seats on the Board of Directors of the merged company to represent New York consumer interests."
Comcast/TWC merger vote delayed after NY regulators find “deficiencies”