Sprint Corp (NYSE:S), a telecommunications firm based in Kansas City, has filed a series of lawsuits in a Delaware District Court against the cable companies for violating the patents related to its VoIP.
The company has filed a number of law suits on Wednesday against cable companies including Fortworth, Texas based TPG Global; Quincy, Massachusetts based Atlantic Broadband; and WideOpenWest Inc. (NYSE:WOW), which is based in Denver. Sprint has included all of the three companies of TPG Global in the lawsuit over the VoIP related patents issue.
The company is demanding huge sums for the patent violation and seeks a permanent injunction case by case.
Sprint settled two lawsuits of similar nature in the quarter ending December 2017. The company has received $350 million as damages from the lawsuits related to patent infringement in that quarter as per the information submitted to the Securities and Exchange Commission. The amount received by Sprint is excluding the legal fee. The company has also received considerable amounts from patents infringement in the past decade.
WideOpenWest Inc Delays Announcement of Results
WideOpenWest Inc has delayed the release of 2017 earnings and the Q4 results and seeks additional time for the review and analysis of intangible assets. The company was scheduled to announce the results on March 8, 2018. The company will announce the date for releasing the results.
The Denver based cable operator has an employee count of 2900. The cable operators business operations consist of broadband Internet networks and TV in small cities in southeastern, Mid west and metro area suburbs of the US.
It is the 6th largest cable operator in the US. It serves voice, high speed Internet customers. It also streams over 772,300 videos. The company also operates a call center with 300 employees in Colorado Springs. It also employs 100 people at its Denver based headquarters.
The company has appointed Ms. Teresa Elder as Chief Executive Officer in December 2017.
Brief Information About Sprint Corp
Sprint Corp was established in the year 2012. The Delaware based holding company conducts the business operations through its subsidiaries including Virgin Mobile, Boost Mobile, and Assurance Wireless Brands. The company offers Internet services and wireless services for 54 million in the US. The company also offers messaging and wireless voice services.
This report is for information purposes only, and is neither a solicitation or recommendation to buy nor an offer to sell securities. Financials Trend is not-a-registered-investment-advisor. Financials Trend is not a broker-dealer. Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. Financials Trend accepts no liability for any losses arising from an investor's reliance on the use of this material. Financials Trend sometimes gets compensated up to one hundred and fifty thousand dollars per month for featuring particular stocks. See site disclaimer for complete compensation. Financials Trend and its affiliates or officers currently hold no shares of these stocks. Financials Trend and its affiliates or officers will purchase and sell shares of common stock of these stocks, in the open market at any time without notice. Financials Trend will not update its purchases and sales of these stocks in any future postings on Financials Trend's websites. Certain information included herein is forward-looking within the context of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. The words "may", "would," "will," "expect," "estimate," "anticipate," "believe," "intend," " project," and similar expressions and variations thereof are intended to identify for ward-looking statements. Such forward- looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. *Financials Trend does not set price targets on securities. Never invest into a stock discussed on this web site or in this email alert unless you can afford to lose your entire investment.