FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez
WASHINGTON (Reuters) - IBM Corp has agreed to pay $24.25 million to resolve a pair of investigations by the Federal Communications Commission(FCC) over subsidies awarded to connect schools and libraries to broadband.
IBM's payment will resolve two FCC investigations that have spanned nearly 15 years over its alleged violations of "E-Rate" program rules in connection with New York City and El Paso school districts. Under the agreement, IBM agreed to return $24.25 million to the Universal Service Fund that funds the E-Rate program, but did not admit wrongdoing.
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