The current status of the case isn't clear from available court records. Sprint's lawsuit against Cable One was stayed in 2015. However, the judge's decision was overruled on appeal last year, so Sprint's litigation against Cox is ongoing. The Cox case was transferred to Delaware, where Cox succeeded in having Sprint's patents thrown out. An appeals court affirmed ( PDF) that verdict in January. That countersuit paid off, when a jury ordered Sprint to pay $7.5 million to Comcast in 2014.
SPRINT FOR SPAT LICENSE
In 2008, Sprint sued several smaller VoIP providers, compelling companies like Big River Telephone Co., based in Cape Girardeau, Missouri, to pay for a license to Sprint's patents.Ĭomcast didn't sit around and wait for its turn at trial-the cable giant filed a countersuit against Sprint. Sprint pounded an $80 million patent settlement out of Vonage following a 2007 jury verdict. The VoIP space has seen more than its share of patent lawsuits. “We are disappointed with the outcome and are considering our options,” a Charter spokesperson told Bloomberg News, which first reported the verdict. A Sprint spokesperson said the company was pleased with the verdict, which represented its "full damage demand." To read this article on click here.Sprint has been filing patent lawsuits over VoIP for more than a decade now, and the company may have just scored its biggest payout yet. On Friday, a jury in Sprint's home district of Kansas City said that Time Warner Cable, now part of Charter Communications, must pay $139.8 million ( Verdict Form) for infringing several patents related to VoIP technology. The jury found that TWC's infringement was willful, which means that the judge could increase the damage award up to three times its value.
SPRINT FOR SPAT FREE
T-MOBILE US INC (TMUS): Free Stock Analysis Report VERIZON COMM (VZ): Free Stock Analysis Report SPRINT CORP (S): Free Stock Analysis Report
SPRINT FOR SPAT DOWNLOAD
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Sprint currently has a Zacks Rank #4 (Sell). Also, Sprint’s quarterly total retail pre-paid and postpaid subscribers churn rate deteriorated as it lost several of its high-end users to rivals. (VZ), AT&T and T-Mobile US gained massive postpaid subscribers over the same period. This is a major cause of worry for the company as three of its major competitors, namely, Verizon Communications Inc. Furthermore, in the reported quarter, the company lost a substantial 272,000 postpaid subscribers. Both the top and the bottom line fell below the respective Zacks Consensus Estimate. Sprint reported disappointing financial results for the second quarter of fiscal 2014 on Nov 4. However, the company has declined to comment on the charges. We believe such charges will hamper Sprint’s reputation, which is of considerable concern given that the company has already been struggling since the previous quarter. (T) had also agreed to pay $105 million in settlement of similar cramming charges. In Jul 2014, the Federal Trade Commission (FTC) had charged T-Mobile US, Inc. Sprint is not the only company to have faced the brunt for unauthorized billing. According to the officials, three out of the five FCC commissioners have given indications that they will vote in support of the proposed penalty charge. FCC commissioners are currently reviewing the matter and will shortly vote on the proposed fine.
The said fine for cramming has been proposed by FCC chairman Tom Wheeler. Such practice of imposing unauthorized and deceptive charges is commonly known as cramming. However, they were wrongly charged and shown as subscribed under these services, without any prior knowledge. Incidentally, none of these customers had signed up for these paid services or authorized any such payments. The complaints spanned across a three-month period from August to Oct 2013. Sprint has received nearly 35,000 customer complaints pertaining to unsolicited charges for text message alerts, sports scores, horoscopes, ring tones and other unwanted services. Following the news, shares of the third largest wireless service provider in the U.S. Sprint Corporation (S) seems to have landed itself in hot waters with the Federal Communications Commission (FCC) planning to penalize the company for $105 million on grounds of unauthorised billing.
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