Charter and New York reach an agreement allowing ISPs to remain in the state

Big quote: "Charter and the ministry believe this action is an important step forward in making broadband available to all New Yorkers," Charter said in a statement. "It allows parties to go forward with the critical work of, solving their disputes without resorting to costly court proceedings, which will allow Charter to invest even more money." money than expected in the state of New York, bringing the educational, economic and social benefits of broadband broadband in areas of often restricted access. "

Charter Communications, operating as Spectrum in New York, has an agreement with the State of New York that will allow the Internet Service Provider to continue serving its customers. The interim agreement comes after New York sued the company and Charter signed a settlement of $ 174 million.

The New York State Public Utilities Commission had effectively removed Spectrum from the state and had canceled its approval of Spectrum's merger with Time Warner Cable. Friday, both parties seem to have reached an agreement.

The new agreement will enable Charter to further invest in broadband development, with 145,000 additional homes and businesses in upstate New York. According to the commission, this means that the charter will have to double its initial investment in the region. Under the agreement, Charter will also spend $ 12 million for broadband expansion projects in some areas of northern, yet undetermined state.

In order to maintain compliance, the Charter will have to complete construction by September 30, 2021. Under the Charter, the agreement is neither an admission of a violation nor a sanction. The agreement will still have to be approved by the Public Service Commission as a whole and be subject to a 60-day comment period.