Verizon and AT&T will reach an agreement to resolve the payment issues in which both companies have been embroiled over the past several months.
Under the terms of the deal, Verizon will pay the amount owed to customers who had been receiving payments from AT>t.
The AT&tt& ;t payment issue stemmed from a technical issue Verizon experienced with the AT&;t Payments Management System.
Under the deal Verizon will make payments on AT<amp;ts account by March 15, 2019.
Under current law, AT&ts customers are only eligible to receive $200 a month to cover basic bills.
Verizon says that it will also pay the $500 a month owed to AT&t for the additional $200 per month that customers are eligible to get, and will make monthly payments on account.
The AT&tm payments management system, or MOPS, is used by AT&ft;s retail stores, which includes Walmart, Target, Sears, and many others, to manage customer accounts.
Verizon was one of the first companies to make the system available to customers and it was a major catalyst for the consolidation of the wireless industry, with AT&rt;s acquisition of Time Warner Cable.
AT&bt;s MOPS has long been criticized by regulators and consumer advocates for being expensive and complex, which made it difficult for customers to use it.
Under the deal announced Thursday, Verizon and the AT >ts payments management agency will work together to find a solution to the payment issue.
The companies also will work on a joint plan to resolve any outstanding payments, including the $300 million it owed to other wireless carriers.
Verizon said in a statement that it is committed to the long-term health and stability of our customers and to delivering value for them.
The deal will also help Verizon and its wireless customers continue to have access to great service, the company said.