Spectrum Customers Getting Largest Refund in Historic $174 Million Settlement

Spectrum customers will be getting the biggest refund by an internet provider after a historic $174.2 million settlement.

Charter Communications/Spectrum agreed to the settlement with New York Attorney General Barbara Underwood Monday, according to the New York Daily News.

A civil lawsuit was filed in early 2017 accusing Charter/Spectrum for providing slower internet speeds than promised to customers since 2012. Now over 700,000 active customers will be getting a refund anywhere between $75-$150, the largest in history.

"This settlement should serve as a wakeup call to any company serving New York consumers: fulfill your promises, or pay the price," Underwood told the Daily News.

The settlement also provides streaming services and premium channels to over 2 million active customers for free.