Codebreaker

Verizon to pay the FCC and customers

John Moe Oct 28, 2010

I’m not really sure how much of a difference $25 million makes to a company like Verizon (they’ll probably make that in the opening seconds of the Verizon iPhone’s release) but it will still be the largest payment to the FCC in history. This after the company settled a complaint that it had unfairly charged 15 million customers for accessing data networks. Those customers will also get very very small compensatory payments which will cost Verizon at least $52 million.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.