Sprint to pay $73 million in lost ETF lawsuit

Sprint has lost a California lawsuit regarding its Early Termination Fees (ETFs). The court found that Sprint's practice of charging customers an ETF for canceling their contract early to be unlawful and has ordered the carrier to pay $73 million to its former customers.

All carriers who require customers to sign up for a contract on their cell phone service utilize ETFs to deter customers from canceling the contract early. This court decision sets a new precedence and will affect other lawsuits against other mobile operators. Sprint is reviewing the findings and will have an opportunity to respond.