Sprint Corp (NYSE:S) has moved to pay a total of $2.30 million in an out-of-court settlement of a lawsuit filed earlier this year in Illinois. The figure is down from the initial settlement proposal of $2.70 million.
Settlement
More than 30,000 individuals, whose uncashed rebate checks had been kept by Sprint from 2003 to 2011, will be eligible to claim their respective rebate checks from the state treasury. The company has also agreed to release a complete list of the consumers’ names.
Illinois considers rebates as unclaimed properties if not rendered within five years following issuance. Initially, the lawsuit only covers the period between 2003 and 2008. However, Sprint has decided to extend the coverage period to 2011.
Dave Tovar, Sprint Vice President (VP), expressed in behalf of the company that he is delighted to settle the lawsuit. Tovar added that the company’s focus is to improve customer experience and that it values the Illinois market.
Sprint offers rebate checks to consumers as incentives that can be used to avail of the company’s services.
Unlimited Postpaid and Prepaid Offerings
Last week, Sprint has officially rolled out its latest offering, Unlimited Freedom. This competitive subscription plan includes one line with unlimited texts, calls, and mobile data for just $60 monthly. Customers only need to add $40 monthly for a second line and $30 monthly for succeeding additions. Under this plan, customers can include a maximum of 10 lines.
This is by far the cheapest unlimited postpaid subscription plan offered in the US. Rival company T-Mobile US Inc (NASDAQ:TMUS) offers the same inclusions for two lines for a monthly subscription fee of $120.
Meanwhile, Boost Mobile has also introduced a competitive prepaid unlimited offering, Unlimited Unhook’d. The new prepaid offering from Sprint includes unlimited texts, calls, and mobile data. Boost Mobile customers can avail of Unlimited Unhook’d for $50 monthly for a single line. They only need to add $30 for an additional line. The plan can cover up to five lines under one account.
These new offerings reiterates the company’s commitment to providing customers with a simple yet worry-free experience without having to spend too much.
