The penalty imposed by CFIUS is tied to violations of a mitigation agreement that T-Mobile inked with the panel as part of its US$23-billion acquisition of Sprint Corp in 2020
US$60-million, its largest penalty ever, for failing to prevent and report breaches of sensitive data, senior U.S. officials said on Wednesday.
In the case of T-Mobile, which is majority owned by Deutsche Telekom, the breaches of sensitive data occurred in 2020 and 2021, U.S. officials said. The size of the fine, and CFIUS’s unprecedented decision to make it public, show the committee is serious about taking a more muscular approach to enforcement as it seeks to deter future violations.
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