The IT giant IBM has agreed to pay $24.25 million or precisely return the sum of $24.25 million that was awarded to it by the US Federal Communications Commission (FCC) for its ‘E-Rate’ telecoms and internet access discount program for schools and libraries, a press release notes.

IBM was found to be in violation of the FCC’s rules by not complying with the bidding rules issued by the commission and also providing ‘ineligible’ telecoms and internet access services to the El Paso Independent School District in Texas using E-Rate subsidies.

With that, IBM has agreed to return $24.25 million awarded to it under the E-Rate program to resolve the charges brought against it by the FCC. In addition, it’s also agreed to provide training to its employees on compliance with the bidding processes and eligibility requirements for the E-Rate program instituted by the FCC.

The charges which IBM has agreed to settle had been lingering for over 15 years, pursued by multiple administrations, and has now been brought to a halt.

Although IBM is paying monetary penalties, it’s not admitting to any wrongdoing regarding the charges.

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