AT&T said in its annual report filed at the SEC it has set aside ...
AT&T said in its annual report filed at the SEC it has set aside $553 million to cover costs related to the FCC’s Feb. calling card ruling. In that decision, the Commission found AT&T acted “unlawfully” by failing to…
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pay millions of dollars in universal service contributions and other fees. The figure disclosed didn’t surprise those close to the issue. AT&T had said in a previous filing it had saved $500 million as a result of its treatment of the cards before the unfavorable FCC decision. Earlier, in a filing to the SEC, the company cited $160 million in savings tied to USF and $340 million tied to access charges. Meanwhile, AT&T likely faces more scrutiny over calling cards. Rep. Pallone (D-N.J.), a senior member of the House Commerce Committee, said this week the Dept. of Defense should investigate the exclusive contract under which AT&T sells cards to U.S. troops. “AT&T says an overwhelming majority of our soldiers are using its cheaper military cards, but I'd like your office to investigate how prevalent the problem is of soldiers using other cards that do not give them the best deal,” Pallone wrote DoD Inspector Gen. Joseph Schmitz - HB