NEW YORK (TheStreet) -- Shares of Sprint Corp. (S) are down 1.28% to $4.64 in midday trading Tuesday, after the company, along with Verizon Communications (VZ), agreed to pay a combined $158 million for charging customers unauthorized third-party fees, CNBC reports.
Sprint's charges will amount to $68 million under the agreement.
The Federal Communications Commission said the investigation revealed that the two companies charged customers millions of dollars in unauthorized charges, CNBC added.
Sprint offers a range of wireless and wireline communications services to consumers, businesses, and government users.
The company develops, engineers and, deploys technologies, including the first wireless fourth-generation service from a national carrier in the U.S.