U.S. Federal Communications Commission Finalizes Nearly $200M In Fines For U.S. Wireless Carriers Over Illegal Consumer Data Disclosures; Fines Include $92M For T-Mobile And Its Sprint Unit
Portfolio Pulse from Benzinga Newsdesk
The U.S. Federal Communications Commission (FCC) has finalized nearly $200M in fines against U.S. wireless carriers for illegal consumer data disclosures. T-Mobile and its Sprint unit are facing the largest fine of $103M.
April 29, 2024 | 5:22 pm
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T-Mobile, along with its Sprint unit, is fined $103M by the FCC for illegal consumer data disclosures.
The fine represents a significant financial penalty for T-Mobile and its Sprint unit, likely leading to negative investor sentiment in the short term. The size of the fine and the nature of the violation (illegal consumer data disclosures) could also impact customer trust and potentially lead to increased regulatory scrutiny in the future.
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