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New York, Charter reach settlement over broadband vows

New York, Charter reach settlement over broadband vows

July 11, 2019 05:54 PM

ALBANY, N.Y. (AP) - New York regulators have approved a settlement with Charter Communications resolving a dispute over rural broadband.

The state's Public Service Commission endorsed the deal Thursday.

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Under the terms, Charter must follow through on promises to provide broadband to 145,000 upstate customers - an investment estimated to exceed $600 million - and pay the state $12 million for other broadband projects.

Regulators voted last year to rescind approval for Charter's 2016 merger with Time Warner Cable following concerns it wasn't meeting promises to expand high-speed internet.

Charter has said the settlement would prevent the possibility of a costly legal battle.

The Stamford, Connecticut-based Charter, which does business as Spectrum, agreed last year to give refunds and free services to settle allegations that Time Warner hadn't delivered promised internet speeds. 

Credits

Associated Press

(Copyright 2019 by The Associated Press. All Rights Reserved.)

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