Charter Spectrum Jacks Up Rates (Again) Thanks To Merger 'Synergies'

Charter Spectrum Jacks Up Rates (Again) Thanks To Merger 'Synergies'

5 years ago
Anonymous $ZPWJA6-QD2

https://www.techdirt.com/articles/20181026/06544740917/charter-spectrum-jacks-up-rates-again-thanks-to-merger-synergies.shtml

When Charter Communications (Spectrum) proposed merging with Time Warner Cable and Bright House Networks in 2016, the company repeatedly promised that the amazing "synergies" would lower rates, increase competition, boost employment, and improve the company's services. Of course like countless telecom megamergers before it, that never actually happened. Instead, the company quickly set about raising rates to manage the huge debt load. And its service has been so aggressively terrible, the company recently almost got kicked out of New York State, something I've never seen in 20 years of covering telecom.

Cities like Lexington, Kentucky continue to explore their legal options in efforts to hold Charter accountable (something it's clear the Trump FCC won't do). Charter, meanwhile, has informed many of these users that they'll be seeing yet another rate hike in November across the company's entire, 41-state territory. All told, users will pay at least $100 more for the same service annually, thanks in part to increases in several of the sneaky fees Charter routinely tacks on to user bills to jack up the advertised price post sale: