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May 27, 2015 8:02 AM ET

Wireless Telecommunication Services

Company Overview of Sprint Corporation

Company Overview

Sprint Corporation, through its subsidiaries, provides various wireless and wireline communications products and services to consumers, businesses, government subscribers, and resellers in the United States, Puerto Rico, and the U.S. Virgin Islands. The company’s Wireless segment offers wireless data communication services, including mobile productivity applications, such as Internet access, messaging, and email services; wireless photo and video offerings; location-based capabilities comprising asset and fleet management, dispatch services, and navigation tools; and mobile entertainment applications. It also provides wireless voice communications services that include local and long-distanc...

6200 Sprint Parkway

Overland Park, KS 66251

United States

Founded in 1899

Phone:

800-829-0965

Key Executives for Sprint Corporation

Chief Financial Officer
Age: 58
Total Annual Compensation: $193.8K
President of Sprint Wholesale & Prepaid Services
Age: 44
Total Annual Compensation: $93.8K
Chief Experience Officer
Age: 55
Total Annual Compensation: $156.3K
Compensation as of Fiscal Year 2014.

Sprint Corporation Key Developments

Sprint Names Kevin Crull as Chief Marketing Officer, Effective May 31, 2015

Kevin Crull will join Sprint as chief marketing officer effective May 31, 2015. In his new role, Crull will be responsible for all products and services, brand and advertising, customer acquisition and retention, and all digital and social efforts. Crull will report to President and CEO Marcelo Claure. Crull will be a vital contributor to Sprint’s leadership team, charged with attracting new customers and advancing the company’s push for greater innovation. Crull brings to Sprint 30 years of experience leading sales, marketing and operations teams. Most recently, Crull served nearly five years as chief operating officer and then president of Bell Media.

A.G. Schneiderman Announces $158 Million Mobile Cramming Settlements with Sprint Corporation and Cellco Partnership

Attorney General Eric T. Schneiderman announced multi-state settlements with Sprint Corporation and Cellco Partnership d/b/a Verizon Wireless that include $158 million in payments to resolve charges that the companies engaged in mobile cramming. Mobile cramming is a practice in which cell phone providers place unauthorized third-party charges on consumers' bills. One common cramming charge is a $9.99 per month premium text messaging subscription service for horoscopes, trivia, sports scores or other information that consumers often never requested. The State Attorneys General and federal regulators allege that cramming occurred when Sprint and Verizon placed charges from third parties on consumers' mobile telephone bills without the consumers' knowledge or consent. Sprint and Verizon are the third and fourth mobile telephone providers to enter into a nationwide settlement to resolve allegations regarding cramming. Attorney General Schneiderman announced similar settlements with ATandT in October of 2014 ($105 million) and T-Mobile in December of 2014 ($90 million). All four mobile carriers announced that they would cease billing customers for commercial PSMS in the fall of 2013. Under the terms of the settlements, Sprint will pay $68 million and Verizon will pay $90 million. Of these amounts, Sprint and Verizon are required to provide $50 million and $70 million, respectively, to consumers who were victims of cramming. Sprint and Verizon will each distribute refunds to harmed consumers through redress programs that will be conducted under the supervision of the Consumer Financial Protection Bureau. It is estimated that more than 2 million New Yorkers are entitled to refunds. Sprint will also pay $12 million to the Attorneys General-including $340,301.30 to New York State-and $6 million to the Federal Communications Commission. Verizon will also pay $16 million to the Attorneys General-including $453,900.83 to New York State-and $4 million to the Federal Communications Commission. The national mobile cramming settlements with the four mobile carriers have netted the State of New York a total of $1,882,846.27. The settlements, like the settlements entered into by ATandT and T-Mobile in late 2014, require Sprint and Verizon to stay out of the commercial PSMS business-the platform to which law enforcement agencies attribute the lion's share of the mobile cramming problem. Under each of the four settlements, the carriers, including Sprint and Verizon, must also take a number of steps designed to ensure that they only bill consumers for third-party charges that have been authorized, including the following: The carriers must obtain consumers' express consent before billing consumers for third-party charges, and must ensure that consumers are only charged for services if they have been informed of all material terms and conditions of their payment; The carriers must give consumers an opportunity to obtain a full refund or credit when they are billed for unauthorized third-party charges; The carriers must inform their customers when they sign up for services that their mobile phone can be used to pay for third-party charges, and must inform consumers of how those third-party charges can be blocked if the consumers do not want to use their phone to pay for third-party products; and The carriers must present third-party charges in a dedicated section of consumers' mobile phone bills, must clearly distinguish them from the carrier's own charges, and must include in that same section information about the consumers' ability to block third-party charges.

Idaho Attorney General Settles Case Against Sprint and Verizon

About 50,000 Sprint customers and 125,000 Verizon customers will be able to seek refunds from the telephone companies after the Idaho attorney general's office reached a settlement with the two over a case involving unauthorized third-party charges. Idaho joined 49 other states, the District of Columbia and two federal agencies May 12 on two agreements worth $158 million with the telecommunication companies. Sprint will pay more than $138,000 to the Idaho attorney general's office to cover attorney fees and investigation costs, and Verizon will pay more than $184,000, the office said in a prepared release. Consumers will also be able to submit claims against Sprint and Verizon.

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