The FCC has begun studying details of existing web traffic exchange agreements between Netflix, Inc.(NASDAQ:NFLX), Verizon Communications Inc.(NYSE:VZ), Comcast Corporation(NASDAQ:CMCSA) and other broadband providers and content producers, Reuters reported citing FCC Chairman Tom Wheeler. 

Web traffic exchange agreements, also known as “peering agreements,” are not disclosed by companies and it is not known whether the FCC will move ahead and disclose them. 

Wheeler said, “To be clear, what we are doing right now is collecting information, not regulating. We are looking under the hood. Consumers want transparency. They want answers. And so do I.” 

Netflix has called on the FCC to remove fees that are paid by content producers to deliver their services to consumers. Commenting on the news, Netflix spokesman Joris Evers said, “We welcome the FCC’s efforts to bring more transparency in this area. Americans deserve to get the speed and quality of Internet access they pay for.” 

In afternoon trade, NFLX shares were up 0.4% to $424.22, trading near the top end of the 52-week range of $207.56 – $458.00.  VZ shares were up 0.2% to $49.13, trading within the 52-week spread of $45.08 – $51.94.  CMCSA shares were down 0.3% to $52.50, moving near the top end of the 52-week range of $38.75 – $55.28.