Lumen, Frontier, Verizon among telcos to lose millions due to new FCC reg [telecom]

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by Linda Hardesty

There's a new FCC regulation that's going into effect on July 1, that will cost some telecom companies millions of dollars per month. It relates to some arcane tandem switching regulations for toll-free calls, such as 1-800 calls.

Data crunching company Simplify Compliance calculates that large local exchange carriers (LECs) such as Verizon and AT&T will end up losing about $13.57 million per month, each. Lumen (formerly called CenturyLink) could lose as much as $6.78 million per month, and Frontier could lose $3.39 million per month.