Cable Company Fined $2 Million Bucks
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Of course cable companies are known for lying to their customers.
They tell you they will be there between 2 and 4PM and no one shows up.
But now, one cable company has been fined for not owning up to their end of the bargain.
The Buffalo News reports that Charter Communication was hit with a $2 million fine Thursday after NY state regulators ruled that it failed to expand its Spectrum cable network as promised after an acquisition two years ago.
The state Public Service Commission imposed the penalty on Thursday after rejecting Charter's claims that it had met its obligations to expand its cable network following its 2016 acquisition of Time Warner Cable.
Charter said it met those obligations, but the PSC disagreed, saying that more than 18,000 of the addresses that the company said were part of the build-out actually fell within its existing cable network. Charter had agreed to expand its network to about 145,000 unserved or underserved homes by May 2020 as a condition for the PSC to approve the merger two years ago.
"We required Charter to make significant investments in its network,” said John B. Rhodes, the PSC's chairman, in a statement. “Our investigation shows that Charter failed to meet its obligations to expand the reach of its network to unserved and underserved customers at the required pace and that it failed to justify why it wasn’t able to meet its obligations."
Charter disagreed, contending that the company has expanded its network as promised. The company was required to add more than 58,000 homes to its network by May 2018.
