NY ordered Charter to leave the state—but Charter won’t go without fight

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Charter CEO Tom Rutledge yesterday vowed to fight the New York state government's decision to kick Charter out of the state.

The State Public Service Commission (PSC) voted Friday to revoke its approval of Charter's 2016 purchase of Time Warner Cable (TWC) and ordered Charter to sell the former TWC system. No one expected Charter to leave New York without a fight, and Rutledge confirmed the company's plans yesterday in an earnings call with investors. "We're hopeful that we can work all this out, but if necessary, we'll litigate and we believe we're in the right," Rutledge said, according to a Seeking Alpha transcript.

The dispute is over Charter's alleged noncompliance with broadband construction requirements. New York's 2016 merger approval required Charter to extend its network to 145,000 unserved and underserved residential housing units and businesses within four years and to meet several interim deadlines along the way.

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