Sprint Corp received tens of millions of dollars in government subsidies for 885...
) received tens of millions of dollars in government subsidies for 885,000 low-income subscribers who were not using the service, the Federal Communications Commission said on Tuesday.
The FCC said it is cracking down on abuse of the “Lifeline program” that gives low-income consumers a $9.25 monthly subsidy for phone or broadband services. The 885,000 subscribers represent nearly 30% of Sprint’s Lifeline subscriber base. Two people briefed on the matter said Sprint and the FCC are expected to settle the Lifeline subsidy probe as part of a consent decree.
Sprint said in a statement it is “committed to reimbursing federal and state governments for any subsidy payments that were collected” improperly, but added that the payments would be “immaterial to Sprint’s financial results.”
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