– Oct. 27, 2011 – Today the Federal Communications Commission issued an order to systematically reform Intercarrier Compensation and the Universal Service Fund. In response, Charles McKee, Sprint
(NYSE: S) vice president for federal and state regulatory affairs, issued the following statement:
“Sprint applauds the FCC for undertaking critical reform of the Universal Service Fund and the Inter-Carrier Compensation system. For more than a decade, consumers and competition have suffered as a result of a broken and antiquated regulatory regime which discourages broadband investment by subsidizing outdated services and technology.
“The Commission’s decision to transition to a system of bill-and-keep for terminating traffic and curb wasteful traffic pumping schemes is vital to a healthy and efficient market for both voice and broadband services. The reform of Universal Service in a manner that focuses on the broadband technology preferences of consumers will better promote competition.
Sprint looks forward to reviewing the details of the order and working with the FCC and the states to implement today’s reform and further rationalize the ICC and USF regimes.”
About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 53 million customers at the end of 3Q 2011 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. Newsweek ranked Sprint No. 3 in its 2011 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com