After being accused of defrauding its internet subscribers, Charter Communications Monday agreed to a whopping $174.2 million settlement with state Attorney General Barbara Underwood, the Daily News has learned.
In February 2017, the AG charged in a civil lawsuit that Charter Communications, and its predecessor Time Warner Cable, knowingly delivered since 2012 slower internet speed to customers than promised.
Under a deal reached Monday, Charter Communications/ Spectrum Management Holding Co. agreed to repay $62.5 million directly to more than 700,000 active customers, who will each receive between $75 and $150 from the company.
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The company also agreed to provide 2.2 million of its active subscribers in New York more than $110 million worth of streaming services and premium channels at no charge, the AG's office said.
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