FCC fines U.S. wireless carriers over $200M for illegally sharing location data [Seeking Alpha]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: Seeking Alpha
The FCC said it had fined T-Mobile ( NASDAQ: TMUS ) over $91 million, Sprint $12 million, AT&T ( NYSE: T ) $57 million, and Verizon Communications ( NYSE: VZ ) $47 million. These fines were first proposed by the FCC in February 2020 over the companies' failure to protect consumers' location information. T-Mobile ( TMUS ) and Sprint have merged since the investigation began. “Our communications providers have access to some of the most sensitive information about us. These carriers failed to protect the information entrusted to them. 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,” said FCC Chairwoman Jessica Rosenworcel. According to the FCC's investigations of the four carriers, each carrier sold access to its customers' location information to aggregators, who then resold access to such information to third-party location-based service providers. The FCC adde
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VZ
Earnings
- 4/22/24 - Beat
VZ
Sec Filings
- 5/13/24 - Form 8-K
- 5/13/24 - Form 424B2
- 5/13/24 - Form 424B2
- VZ's page on the SEC website