The Federal Communications Commission (FCC) is relaxing regulations on what US carrier Verizon Communications can charge business customers for its high-speed broadband data services, an Associated Press report said.
The report said the regulator was 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.
Verizon earlier filed a petition on its pricing, arguing that there was fierce competition in the broadband market, the report said.
It noted that other competitors, cable and long distance firms, all faced lower regulatory hurdles and that Verizon should no longer be saddled with the rules, the report said.