Sprint (NYSE: S) has to pay the FCC $7.5 million for failing to honor the agency's do-not-call rules by making unwanted calls and sending unwanted text messages to consumers. According to the FCC, this is the biggest fine ever issued to a company for such violations. And it's not the first time Sprint has been dinged: The company paid a $400,000 fine in 2011 for the same rule violations.
Besides paying the penalty, Sprint has agreed to create a plan to ensure the company will comply with the FCC's do-not-call rules in the future. In addition, it has agreed to report any violations of the do-not-call rules to the FCC. The FCC expects the first report within 90 days followed by annual reports for the next two years. Article