New York State and Charter Communications have reached an agreement that will allow the cable, internet and phone provider to stay in New York as long as certain requirements are met.
Last year the State Public Service Commission revoked approval of the merger between Charter (parent company of Spectrum) and Time Warner Cable. The commission contended that Charter failed to deliver on benefits to state residents that were part of the merger deal, something that Charter disputed.
Late Friday afternoon, the commission's CEO John Rhodes, issued a statement saying that the PSC and Charter have a proposed agreement that would see Charter Expand its network of high-speed broadband service in Upstate New York. Under the agreement, the expansion would be completed by September 30, 2021.
Charter will spend $12 million to expand broadband to underserved locations.
Charter issued a statement saying that the two parties “believe that this action is an important step forward in making high-speed broadband available to all New Yorkers. It allows the parties to move forward with the critical work of expanding access to broadband, by resolving their disagreements without the need for costly litigation.”
Charter says as a result, it will invest even more money in New York State than originally planned.
Rhodes says the proposed agreement will now have a 60-day public comment period before final action is taken on it.
