NEW YORK — The International Telecommunications Union (ITU) announced on Thursday that it had approved new pay rates for its member telecommunications companies.
The ITU is the world’s largest union of telecommunications companies, with a member membership of 1.4 billion people.
Among the new pay rules announced Thursday were a new $0.05 per gigabyte (gigabyte) per month rate for telecommunications companies and a $0-0.10 per gigabit (Gigabits per second) rate for Internet service providers.
Both rates are effective for five years.
AT&T said the new rate would go into effect immediately, effective immediately.
Internet providers are now allowed to make up to three gigabits of data per second, up from two.
AT&,T and Verizon said they are looking for additional time to comply.
AT & T said it will work with the government to establish “more detailed requirements” for data caps and pay transparency.
Verizon said it would continue to work with AT&& and AT>, but would not provide specific details.
While the new rates do not apply to mobile networks, Verizon said its customers should expect the new caps to be much higher than what they had been previously.
“The existing caps on mobile Internet are significantly higher than they were five years ago,” Verizon said in a statement.
Virtually all Internet service is already capped at 1,500 megabits a second, so the new prices are still a bit higher than that.
However, Verizon’s new rates are still much lower than what other providers charge their customers.
The company has been the subject of an investigation by the U.S. Department of Justice.
Verizon said it had worked with the Federal Communications Commission and other regulators to develop a standard for Internet pay.
It has also worked with consumers and consumers groups to ensure that they are receiving the correct information and that they understand what’s happening with their data caps.
In a separate announcement, AT<d said it has agreed to a $1.5 billion settlement with the U and V countries over data caps for its wireless network, an agreement that was expected to be final by the end of June.
AT and Verizon say they will work together to improve pay transparency and transparency for their customers and to ensure they are paying their data users the proper amount.
AT is the only company that will face fines for its data caps, and AT <d has been hit with billions in fines.
On Thursday, AT > said it is also seeking an additional $5.3 billion in fines from the U, V and other countries over the data caps that it has been fined for.
AT said it plans to work to make the data cap issue easier to resolve.
AT, Verizon and AT yltd did not immediately respond to a request for comment.