AT&T Inc. said on Wednesday it plans to fight the Federal Communications Commission's allegations that it misled its customers about unlimited data plans. The FCC said earlier that it plans to fine AT&T $100 million. AT&T responded in an emailed statement to Marketwatch: "We will vigorously dispute the FCC's assertions. The FCC has specifically identified this practice as a legitimate and reasonable way to manage network resources for the benefit of all customers, and has known for years that all of the major carriers use it. We have been fully transparent with our customers, providing notice in multiple ways and going well beyond the FCC's disclosure requirements." AT&T's stock tacked on 0.2% in afternoon trade, erasing an earlier intraday loss of as much as 0.4%. The stock has gained 5.6% over the past three months, while the S&P 500 has tacked on 1.2%.
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