New York regulators approve Altice-Cablevision deal with conditions

The New York Public Service Commission (PSC) approved the $18 billion takeover of Cablevision by Netherlands-based Altice. The NY PSC follows approval by the NJ Board of Public Utilities, the US Dept. of Justice, and the FCC.

The NY PSC Order requires the new Cablevision to expand broadband, meet service quality benchmarks, and includes strong job protections. The Commission Order directs the new Cablevision to:

• Upgrade broadband speeds to reach up to 300 Mbps throughout the service territory by 2017

• Expand broadband to unserved areas

• Offer a low-income $15 broadband service of 30 Mbps and maintain its current Internet $24.95  Essentials service for all customers

• Meet service quality benchmarks, with network investment penalties up to $16 million for failure to meet the benchmarks

• Protect jobs with no layoffs for frontline technicians, call center workers, and walk-in center employees for four years

• Establish a workforce development program

The Communications Workers of America played an active role in New York City and the NY PSC, intervening to protect worker conditions and quality customer service.

Links:

NY PSC approves Cablevision sale (LIBN.com, June 15, 2016)

Cablevision Sale Approved with Conditions to Increase Speed, Improve Reliability, Expand Broadband Access, Protect Jobs (NY PSC, June 15, 2016)