ALBANY – Charter Spectrum, under deep scrutiny by New York State, has reportedly reached a deal with the state to continue to do business in New York.
WNYNews Now‘s news partner, WIVB, is reporting that Charter Spectrum has reached a deal with New York to keep the cable company in New York State.
Last year, the state’s Public Service Commission attempted to boot the company out of New York and cancel its approval of a merger with Time Warner after state officials said Spectrum did not keep terms of the merger including service to rural areas.
According to WROC, a WIVB news partner, Spectrum has agreed to certain conditions to stay in the state.
Among the conditions are that Charter will continue to invest in network expansion to bring high-speed broadband to residents and businesses in upstate New York, spend $12 million from broadband expansion projects and meet expansion goals by the end of September, 2021, while reaching frequent milestone requirements.