NEW YORK -(Dow Jones)- Sprint Nextel Corp. (S) was dealt a major blow in its early-termination-fee case when a California judge ruled it would have to pay $73 million. The decision could bode poorly for the various trials that are taking place throughout the country, as well as the Federal Communications Commission's attempts to make wireless carriers exempt from these state court cases. Sprint on Hook for $73M in Termination Fees (Sears, Roebuck & Co. (S), AT&T Corp. (T), Vodafone Group PLC (VOD), (VOD.LN), Verizon Communications (VZ), (GB00B16G), (US00206R), (US852061), (US92343V)) at SmartMoney.com Wonder if AT&T might be next in losing their case. I highly doubt Sprint will be able to get a reverse ruling on this one. Didn't VZW agree to pay for their cases?
AWESOME! Hopefully the FCC decides to not regulate the ETF's and the industry will move toward an unsubsidized/contract free business model. Everyone wins.
I agree - now if they want to give me a discounted service rate for signing a longer term agreement, that'd be fine.
