FCC Settles New York City E-Rate Investigation With Verizon

The Federal Communications Commission announced a settlement with Verizon for possible violations of the FCC’s competitive bidding rules for the E-rate program. Verizon agreed to pay $17.68 million to resolve parallel investigations by the FCC and the Department of Justice, $17.325 million of which will be repaid to the Universal Service Fund (USF). Verizon has further agreed to withdraw any rights it may have to hundreds of millions of dollars in requested and undisbursed E-rate support.