On Wednesday, the state Public Service Commission (PSC) voted to approve the sale of Cablevision Systems Corp. to Altice N.V., a multinational cable television provider, for $17.7 billion after imposing certain conditions on the transaction.

Among the conditions approved by the PSC are:  requiring Altice to create a new broadband program with speeds of 30 Mbps at $14.99 per month to serve 600,000 low-income households in the franchise area that receive certain federal income assistance; to participate in the new federal Lifeline program; to upgrade its system to deliver at least 300 Mbps by the end of 2017, tripling the current maximum speed of 101 Mbps; and prohibiting reducing any customer-facing jobs for four years.

The Federal Communications Commission (FCC) approved the deal last month. The sale also includes Cablevision’s media properties, Newsday, the News 12 networks and amNewYork.