IBM has agreed to pay $24.25 mn to two FCC investigations over the alleged violations of “E-Rate” program rules in two districts. The tech giant, under the agreement, will return $24.25 mn to the Universal Service Fund that funds the E-Rate program but did not admit any wrongdoing. The FCC had found IBM not satisfied the competitive bidding rules in New York for 2005- 08 and provided ineligible equipment and services in El Paso for 2001.