Wireless Carriers Say They'll Fight FCC on Fines Over Customer Location Data [Yahoo! Finance Canada]
T-Mobile US, Inc. (TMUS)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The Federal Communications Commission on Monday announced it had fined T-Mobile US Inc. $80 million and its Sprint unit $12 million, while also penalizing AT&T Inc. $57 million and Verizon Communications Inc. almost $47 million. The agency first proposed the fines in 2020 and has since heard responses from the companies. ADVERTISEMENT “These carriers failed to protect the information entrusted to them,” FCC Chairwoman Jessica Rosenworcel said in a statement. “Here, we are talking about some of the most sensitive data in their possession: customers' real-time location information, revealing where they go and who they are.” The FCC under Rosenworcel, a Democrat, has made data privacy and protection a priority. Areas of focus include data breaches, and vulnerabilities involving third-party vendors. The carriers sold access to customer-location information to businesses that then sold it on to other parties, the FCC said. T-Mobile said it had disconti
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TMUS
Earnings
- 4/25/24 - Beat
TMUS
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/14/24 - Form 4
- TMUS's page on the SEC website