The Tennessean: AT&T, cable rivals agree on rules for TV [1]:

After months of secret negotiations between AT&T and the cable industry, both sides have agreed on many of the ground rules for AT&T's entry into the television service business in Tennessee — including how many customers must get access and how many households must be in low-income neighborhoods.

According to the article, the compromise legislation will require 30% buildout within 3 1/2 years after introducing service. It will also provide for a 5% fee to local governments. There are also incentives in the form of buildout credits for rural broadband development. There's no mention of PEG (public, education, government) access requirements in the article.

UPDATE: Here's the bill with an executive summary [2]. (PEG access is required for existing and new franchises.)