Charter Communications (and its Spectrum Internet Service) has formally concluded an agreement stay in the state of new yorkwith the Public Service Commission agree on a regulation This will enable Charter to meet its initial broadband expansion commitments, as defined by the company when it merged with Time Warner Cable in 2016, via Ars Technica.
Charter could originally be forbidden to operate in the state entirely because of its inability to deploy high-speed Internet services to more homes, which the company had originally promised to make a condition allowing the merger with Time Warner Cable.
Under the terms of the agreement, "Charter will expand its network to provide high speed broadband service to 145,000 homes and businesses in upstate New York" by the 30th. September 2021, with an estimated $ 600 million for this expansion. According to the estimate of the Public Service Commission, the Charter has reached about 65,000 of the 145,000 mandatory addresses to which it is linked, which means that it will have a lot of work over the next two years to respect this deadline.
In addition to meeting its expansion commitments, Charter will also have to pay $ 12 million for "other broadband expansion projects at locations selected by the Department of Public Service and Public Service." the Office of the New York State Broadband Program ". of which $ 6 million goes to the New York State Broadband Office and $ 6 million to an escrow fund to enable the Charter to do the work the state requires.
These are beautiful concessions with regard to the state of New York, with the only possibility of availing oneself of it. The PSC notes that this time there are "many intermediate enforcement requirements", as well as a $ 2,800 fine for each address to which Charter does not provide service.