Verizon and Sprint will pay $158 million to settle FCC billing complaint charges

Verizon Wireless and Sprint will pay a combined total of $158 million to settle billing complain charges filed by the Federal Communications Commission.

Under the terms of the settlement, Verizon will pay $90 million, while Sprint will have to spend $68 million, for a total of $158 million. At least $120 million of the total amount will go to reimbursing consumers hit with the charges.