Charter Seeks Stay of New California Merger Conditions
Charter Communications sought a stay of fresh conditions added last month by the California Public Utilities Commission on the company’s buys of Time Warner Cable and Bright House Networks. The stay should remain until the agency decides Charter’s Dec. 29…
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application for rehearing (see 1701030019), the operator said in a motion for stay of decision 16-12-070 posted Thursday. Commissioners unanimously gave the deal the green light in May but Dec. 19 revised the order to add some conditions sought by consumer groups in rehearing applications. Without a stay, the company said it “will suffer serious and irreparable harm.” The decision “will deprive Charter of its right to due process, since it imposes ex post facto conditions of which Charter had no notice, nor any meaningful opportunity to consider whether to accept before closing the transaction,” it said.