bigmit3737
Member
The Federal Communications Commission has voted to reverse a stringent merger requirement on Charter Communications Inc. CHTR, +0.51% that would have compelled the company to build out internet service to one million households already being served by a competitor, FCC officials said.
The vote overturns one of the toughest conditions that the FCC, under the Obama administration, had imposed on Charters roughly $60 billion deal to buy Time Warner Cable and Bright House Networks last year. The condition at the time had called for Charter to build out high-speed internet access to a total of two million homes, with half already being served by a broadband provider like other cable companies.
That would have been a significant move in the cable industry, which has long divvied up areas geographically rather than compete head-to-head. Under the prior chairman, Tom Wheeler, the FCC had pushed for the provision to create more competition in high-speed internet.
Under current Chairman Ajit Pai, the FCC has voted to nullify the overbuild requirement and simply compel Charter to build out to two million homes that dont currently have broadband access. The FCC is expected to make an official statement Monday.
http://www.marketwatch.com/story/fc...mpetition-2017-04-03?mod=MW_story_latest_news
Full version At WSJ (I think behind pay-wall )
I personally have mixed feelings regarding this. If the Chairman realizes that there is a need for more competition and we don't have much choices, then no problem.
Aren't there a lot of state regulations that prevent more competition?
If so, how about we work on that?
The vote overturns one of the toughest conditions that the FCC, under the Obama administration, had imposed on Charters roughly $60 billion deal to buy Time Warner Cable and Bright House Networks last year. The condition at the time had called for Charter to build out high-speed internet access to a total of two million homes, with half already being served by a broadband provider like other cable companies.
That would have been a significant move in the cable industry, which has long divvied up areas geographically rather than compete head-to-head. Under the prior chairman, Tom Wheeler, the FCC had pushed for the provision to create more competition in high-speed internet.
Under current Chairman Ajit Pai, the FCC has voted to nullify the overbuild requirement and simply compel Charter to build out to two million homes that dont currently have broadband access. The FCC is expected to make an official statement Monday.
http://www.marketwatch.com/story/fc...mpetition-2017-04-03?mod=MW_story_latest_news
Full version At WSJ (I think behind pay-wall )
I personally have mixed feelings regarding this. If the Chairman realizes that there is a need for more competition and we don't have much choices, then no problem.
Aren't there a lot of state regulations that prevent more competition?
If so, how about we work on that?