Deal Announced to Keep Spectrum Cable in New York State
State regulators are preparing to allow Spectrum Cable to continue operating in New York.
The Public Service Commission late Friday afternoon announced a proposed agreement with Charter Communications to resolve a dispute over network expansion conditions.
The deal comes nearly nine months after the agency ordered Charter to develop a plan to turn over its New York businesses to other operators.
There will be a 60-day public comment period on the agreement, which will be subject to review and final action by the PSC.
The deal calls for Charter to expand its network to provide high-speed broadband service to 145,000 upstate residences and businesses.
Under the agreement, Charter would pay $12 million to expand broadband service to additional "unserved and underserved premises."
Last July, the commission declared the company had "made clear it has no intention" of meeting the conditions contained in a 2016 merger agreement that allowed it to take over operations of Time Warner Cable.
The commission had accused Charter Communications of misconduct, including repeated failures to meet deadlines and attempts to "skirt obligations to serve rural communities."
Charter contended the action by regulators was politically motivated.
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