(Bloomberg) -- Phone companies such as AT&T Inc. and Verizon Communications Inc. would need to ease some terms they offer competitors renting lines that carry data for businesses under a proposal unveiled Friday by regulators.

A proposed order by the U.S. Federal Communications Commission would prohibit some contract terms that have been demanded by the two largest carriers and by Frontier Communications Inc. and CenturyLink Inc., according to officials who spoke on the condition of anonymity because the proposal hasn’t been publicly released.

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