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Financial Focus: T-Mobile fined by FCC over Sprint subsidies

Posted at 7:32 PM, Nov 04, 2020

LAS VEGAS (KTNV) — In today's Financial Focus, we have a check of the stock market and the stocks with ties to Las Vegas.

The FCC has fined T-Mobile $200 million dollars.

This after T-Mobile's now-subsidiary Sprint was caught claiming federal telecom subsidies it wasn't eligible to receive the agency found.

Sprint had claimed benefits from the federal government to help cover the costs of phone and broadband service for more than 800,000 subscribers.

But in fact, the subscribers Sprint claimed were not eligible for the subsidies under the US government's life-line program.

Financial Focus is sponsored by Clark County Credit Union. Watch it weekdays on 13 Action News.