Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: T-Mobile US, Inc.
Current Parent Company: T-Mobile US
Penalty: $60,000,000
Year: 2024
Date: August 14, 2024
Offense Group: competition-related offenses
Primary Offense: trade violations
Violation Description: Following an initial Notice of Penalty issued in 2023, CFIUS resolved an enforcement action against T-Mobile US, Inc. resulting in a $60 million penalty. As publicly disclosed by T-Mobile, the company entered into a National Security Agreement (NSA) with CFIUS in 2018 in connection with T-Mobile's merger with Sprint and the foreign ownership of the resulting entity. CFIUS determined that between August 2020 and June 2021, in violation of a material provision of the NSA, T-Mobile failed to take appropriate measures to prevent unauthorized access to certain sensitive data and failed to report some incidents of unauthorized access promptly to CFIUS, delaying the Committee's efforts to investigate and mitigate any potential harm. CFIUS concluded that these violations resulted in harm to the national security equities of the United States. T-Mobile worked with CFIUS to enhance its compliance posture and obligations and has committed to working cooperatively with the U.S. Government to ensure compliance with its obligations going forward.
Level of Government: federal
Action Type: agency action
Agency: Committee on Foreign Investment in the United States
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Washington
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.