Charter Communications is Given More Time to Sell Spectrum

posted by WGY News - 

Charter Communications

Charter Communications is apparently getting a little extra time to sell off its Spectrum cable TV and internet network and leave the state.

The Public Service Commission has agreed to move its deadline to October 9th, giving the two sides some time to work out a possible solution that might allow Charter to keep ownership of Spectrum, which was one of the most valuable pieces of its $65 billion acquisition of Time-Warner Cable two years ago. 

The PSC voted to kick Charter out of New York State back in late July after a war of words over whether Charter was living up to the Commission's terms for approval of the Time-Warner merger.

Photo: Spectrum Communications Facebook Page

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