FCC Loosens Lid on Some Verizon Pricing
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The government is easing regulations on what Verizon Communications Inc. can charge business customers for its high-speed broadband data services.
The Federal Communications Commission is allowing Verizon to exempt its broadband data services provided to large enterprise and wholesale customers, including wireless and long-distance phone companies, from rules regarding tariff filings and pricing requirements.
In a 2004 petition, Verizon contended that other competitors -- cable and long distance -- faced lower regulatory hurdles.
Verizon shares fell 19 cents to $34.22.
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