T-Mobile to Pay $48M Settlement over Disclosures

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A T-Mobile store sign is seen in the Brooklyn borough of New York June 4, 2015. REUTERS/Brendan McDermid - RTX1F4ZJ (Reuters)

T-Mobile US Inc has agreed to pay $48 million to resolve a federal probe into whether it adequately disclosed speed and data restrictions for its "unlimited" data plan subscribers, U.S. regulators said on Wednesday.

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The settlement includes a $7.5 million fine, $35.5 million in consumer benefits for T-Mobile and Metro PCS customers with "unlimited" plans, and at least $5 million in services and equipment to U.S. schools "to bridge the homework gap facing today's students," the U.S. Federal Communications Commission said in a statement. (Reporting by Mohammad Zargham; Editing by Susan Heavey)

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