Sprint Fined $7.5 Million for Do-Not-Call Violations
courtesy of Sprint Corp.The largest fine ever assessed by the Federal Communications Commission (FCC) for violations of the Do Not Call law was levied against Sprint Corp. (NYSE: S) today. The FCC fined the telecom company $7.5 million as part…
The largest fine ever assessed by the Federal Communications Commission (FCC) for violations of the Do Not Call law was levied against Sprint Corp. (NYSE: S) today. The FCC fined the telecom company $7.5 million as part of a settlement that will also include a compliance program and regular reports by Sprint to the FCC.
The company was fined $400,000 in 2011 in a similar settlement in 2011, but apparently the lesson did not stick. Sprint said that the settlement is related to issues that are the result of “technical and inadvertent human errors” that the company itself reported to the FCC.
The company also sent text messages to phones on the national Do Not Call registry and those violations were included in the fine and settlement.
Sprint’s shares closed at $9.12 on Monday, up 1.2% in a 52-week range of $5.61 to $11.47.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
