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One, three.

The From Wondry. I'm David Brown, and this is Business Wars Daily on this Tuesday, November 12th.

Slow is not a word anyone wants to use to describe their cell phone service. We've come to expect, actually demand, instantaneous data on our phones. And so when we pay for

unlimited data, it sure seems like speed isn't something we need to worry about, right? But for

AT&T customers, well, it was.

The Federal Trade Commission announced last week that AT&T will pay a $60 million fine for misleading customers.

The FTC alleges that AT&T shrunk the bandwidth of millions of wireless customers,

essentially throttling back the speed of data transfer to the point where

routine actions like opening websites became difficult.

The regulators say AT&T knowingly lied to customers by failing to disclose that data transfers would

slow down to a crawl after they'd reached certain hidden limits.

...