New York City To Vote on Altice/Cablevision With Conditions
New York City Mayor Bill de Blasio (D) recommended conditional OK of Altice's buying Cablevision. The city’s Franchise and Concession Review Committee plans a hearing to review the transaction Monday and will vote Wednesday. Next up will be state approval,…
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with the New York Public Service Commission expected to decide May 20 (see 1604050059). "After several in-depth discussions and multiple requests for supporting information to ensure an equitable buildout of infrastructure and fulfillment of customer service contracts, the City is recommending conditional approval of this transaction,” mayor’s counsel Maya Wiley said in an emailed statement. “We are conditioning approval on satisfactory staffing levels to ensure compliance with franchise agreement commitments. The condition will help the City ensure a fair and equitable deal for our Brooklyn and Bronx residents." Under the draft resolution, Altice must give the Bronx and Brooklyn priority for infrastructure upgrades, and it must reach an agreement with the New York PSC -- acceptable to the Department of Information Technology and Telecommunications -- that maintains “levels of customer facing employees for an appropriate time period.” The FCC OK'd Altice/Cablevision without conditions other than for national security (see 1605040010).