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Verizon-subsidiary TracFone to pay $23.5 million to resolve FCC probes

Reuters
FILE PHOTO: A person walks by a Verizon store in Manhattan, New York City

WASHINGTON (Reuters) - Verizon-subsidiary TracFone Wireless agreed to pay $23.5 million to resolve a Federal Communications Commission investigation into allegations it violated rules for two government programs, the agency said Wednesday.

Following its acquisition by Verizon in late 2021, TracFone identified instances in which it may have violated rules for two programs to help lower income Americans get communications services. TracFone also reimbursed the Universal Service Fund $22.7 million and repaid $17.9 million in Emergency Broadband Benefit funds, the FCC said.

(Reporting by David Shepardson; Editing by Diane Craft)