T-Mobile: Difference between revisions
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[[wikipedia:T-Mobile_US|'''T-Mobile US, Inc.''']] is an American wireless network operator headquartered in Bellevue, Washington. Its largest shareholder is [[wikipedia:Deutsche_Telekom|Deutsche Telekom AG]], a company partially owned by the Federal Republic of Germany,<ref> | [[wikipedia:T-Mobile_US|'''T-Mobile US, Inc.''']] is an American wireless network operator headquartered in Bellevue, Washington. Its largest shareholder is [[wikipedia:Deutsche_Telekom|Deutsche Telekom AG]], a company partially owned by the Federal Republic of Germany,<ref>{{Cite web |title=Shareholder structure |url=https://www.telekom.com/en/investor-relations/share/shareholder-structure |url-status=live |access-date=13 Apr 2025 |website=www.telekom.com}}</ref> which owns and operates telecommunications networks in several other countries.<ref>{{Cite web |title=SIGNIFICANT SUBSIDIARIES |url=https://www.sec.gov/Archives/edgar/data/946770/000104746906003393/a2168127z20-f.htm#bk1005_significant_subsidiaries |url-status=live |access-date=13 Apr 2025 |website=SEC}}</ref> T-Mobile is the second largest wireless carrier in the United States, with 127.5 million subscribers as of September 30, 2024.<ref>{{Cite web |title=T-Mobile Delivers Industry-Leading Growth in Customers, Service Revenues, Profitability and Cash Flows in Q3, Raises 2024 Guidance Across the Board |url=https://s29.q4cdn.com/310188824/files/doc_financials/2024/q3/TMUS-Q3-2024-Earnings-Release.pdf |url-status=live |access-date=13 Apr 2025 |website=s29.q4cdn.com}}</ref> | ||
==Controversies== | ==Controversies== | ||
===Bribing | ===Bribing officials=== | ||
Deutsche Telekom was sued by the US Securities and Exchange Commission in 2011 for bribing government officials in Macedonia and Montenegro to prevent a telecom competitor from acquiring a license and for their support in the buyout of a state-owned telecommunications company. DT and its subsidiary Magyar Telekom agreed to pay a total $95 million settlement.<ref> | Deutsche Telekom was sued by the US Securities and Exchange Commission in 2011 for bribing government officials in Macedonia and Montenegro to prevent a telecom competitor from acquiring a license and for their support in the buyout of a state-owned telecommunications company. DT and its subsidiary Magyar Telekom agreed to pay a total $95 million settlement.<ref>{{Cite web |date=29 Dec 2011 |title=SEC Charges Magyar Telekom and Former Executives with Bribing Officials in Macedonia and Montenegro |url=https://www.sec.gov/news/press/2011/2011-279.htm |url-status=live |access-date=13 Apr 2025 |website=SEC}}</ref> | ||
===Acquisition of Sprint=== | ===Acquisition of Sprint=== | ||
On April 1, 2020, T-Mobile US acquired [[wikipedia:Sprint_Corporation|Sprint Corporation]] for $26 billion.<ref>https://www.nytimes.com/2018/04/29/business/dealbook/sprint-tmobile-deal.html</ref> Prior to the formal acquisition, 14 state attorneys general filed suit to block the merger, alleging it would result in higher prices for consumers to the extent of $4.5 billion annually.<ref> | On April 1, 2020, T-Mobile US acquired [[wikipedia:Sprint_Corporation|Sprint Corporation]] for $26 billion.<ref>{{Cite web |last=De La Merced |first=Michael J. |last2=Kang |first2=Cecilia |date=29 Apr 2018 |title=Sprint and T-Mobile to Merge, in Bid to Remake Wireless Market |url=https://www.nytimes.com/2018/04/29/business/dealbook/sprint-tmobile-deal.html |url-status=live |access-date=13 Apr 2025 |website=The New York Times}}</ref> Prior to the formal acquisition, 14 state attorneys general filed suit to block the merger, alleging it would result in higher prices for consumers to the extent of $4.5 billion annually.<ref>{{Cite web |date=13 Jun 2019 |title=U.S. judge sets pre-trial hearing next week for Sprint/T-Mobile deal |url=https://finance.yahoo.com/news/u-judge-sets-pre-trial-195044577.html |url-status=live |access-date=13 Apr 2025 |website=finance.yahoo.com}}</ref> The merger was allowed to proceed, with the judge stating "the merger is not likely to substantially lessen competition like the suing state AGs had claimed it would" and also that Sprint "does not have a sustainable long-term competitive strategy [to remain a viable competitor]."<ref>{{Cite web |last=Wagner |first=Alex |date=11 Feb 2020 |title=Judge approves T-Mobile-Sprint merger |url=https://www.tmonews.com/2020/02/t-mobile-sprint-merger-approved-judge/ |url-status=live |access-date=13 Apr 2025 |website=Tmo News}}</ref> As one of the leaders of the suit, the attorney general of California struck a settlement, gaining several substantial concessions toward protecting Californian jobs and low-cost mobile plans.<ref>{{Cite web |last=Wagner |first=Alex |date=11 Mar 2020 |title=California AG Xavier Becerra will not appeal judge’s T-Mobile-Sprint merger ruling |url=https://www.tmonews.com/2020/03/california-ag-xavier-becerra-not-appeal-judge-t-mobile-sprint-merger-ruling/ |url-status=live |access-date=13 Apr 2025 |website=Tmo News}}</ref> | ||
The United States Department of Justice Antitrust Division required that Sprint sell several billion dollar assets to [[wikipedia:Dish_Network|Dish Network]] prior to merging with T-Mobile.<ref> | The United States Department of Justice Antitrust Division required that Sprint sell several billion dollar assets to [[wikipedia:Dish_Network|Dish Network]] prior to merging with T-Mobile.<ref>{{Cite web |last=Wagner |first=Alex |date=26 Jul 2019 |title=Justice Department officially approves T-Mobile and Sprint’s merger |url=https://www.tmonews.com/2019/07/justice-department-approves-t-mobile-sprint-merger/ |url-status=live |access-date=13 Apr 2025 |website=Tmo News}}</ref> | ||
As of September 30, 2024, a T-Mobile filing with the SEC indicates multiple ongoing legal cases and consumer [[class action]] cases alleging antitrust activities, chiefly as it relates to T-Mobile's acquisition of Sprint.<ref>[https://www.sec.gov/Archives/edgar/data/1283699/000128369924000142/R22.htm sec.gov/Archives/edgar/data/1283699/000128369924000142/R22.htm]</ref> As an example, ''Dale et al. v. Deutsche Telekom AG, et al.'', filed in 2022, seeks damages in the billions because of "anticompetitive effects" (i.e. higher prices) as a result of the merger.<ref>[https://casetext.com/case/dale-v-deutsche-telekom-ag-3/ ''Dale v. Deutsche Telekom AG'', 22 C 3189 (N.D. Ill. Oct. 4, 2024)]</ref> | As of September 30, 2024, a T-Mobile filing with the SEC indicates multiple ongoing legal cases and consumer [[class action]] cases alleging antitrust activities, chiefly as it relates to T-Mobile's acquisition of Sprint.<ref>[https://www.sec.gov/Archives/edgar/data/1283699/000128369924000142/R22.htm sec.gov/Archives/edgar/data/1283699/000128369924000142/R22.htm]</ref> As an example, ''Dale et al. v. Deutsche Telekom AG, et al.'', filed in 2022, seeks damages in the billions because of "anticompetitive effects" (i.e. higher prices) as a result of the merger.<ref>[https://casetext.com/case/dale-v-deutsche-telekom-ag-3/ ''Dale v. Deutsche Telekom AG'', 22 C 3189 (N.D. Ill. Oct. 4, 2024)]</ref> | ||
== | ===Data breaches=== | ||
On April 1, 2025, users of a T-mobile tracking device and app called SyncUP were subsequent to an account leak that included the profile photo, name, and exact location of accounts (primarily children).<ref>{{Cite web|url=https://www.404media.co/t-mobile-shows-users-the-names-pictures-and-exact-locations-of-random-children/|title=T-Mobile Shows Users the Names, Pictures, and Exact Locations of Random Children|first1=Jason|last1=Koebler|first2=Emanuel|last2=Maiberg|work=404media|date=2025-04-02|access-date=2025-04-04|archive-url=https://web.archive.org/web/20250402173915/https://www.404media.co/t-mobile-shows-users-the-names-pictures-and-exact-locations-of-random-children/|archive-date=2025-04-02|url-status=live}}</ref> Similarly to the [[Wyze]] incident in September 2023, the location of random child accounts from different states were shown on a parent's phone.<ref>{{Cite web|url=https://gizmodo.com/t-mobile-bug-reveals-names-images-and-locations-of-random-children-2000584451|title=T-Mobile Bug Reveals Names, Images, and Locations of Random Children|first=Lucas|last=Ropek|work=Gizmodo|date=2025-04-03|access-date=2025-04-04|archive-url=https://web.archive.org/web/20250404171959/https://gizmodo.com/t-mobile-bug-reveals-names-images-and-locations-of-random-children-2000584451|archive-date=2025-04-04|url-status=live}}</ref> | |||
==References== | ==References== | ||
<references /> | <references /> | ||
[[Category:T-Mobile]] | [[Category:T-Mobile]] |
Latest revision as of 19:42, 13 April 2025
Basic information | |
---|---|
Founded | 1994 |
Type | Public |
Industry | Telecommunications |
Official website | https://t-mobile.com/ |
T-Mobile US, Inc. is an American wireless network operator headquartered in Bellevue, Washington. Its largest shareholder is Deutsche Telekom AG, a company partially owned by the Federal Republic of Germany,[1] which owns and operates telecommunications networks in several other countries.[2] T-Mobile is the second largest wireless carrier in the United States, with 127.5 million subscribers as of September 30, 2024.[3]
Controversies[edit | edit source]
Bribing officials[edit | edit source]
Deutsche Telekom was sued by the US Securities and Exchange Commission in 2011 for bribing government officials in Macedonia and Montenegro to prevent a telecom competitor from acquiring a license and for their support in the buyout of a state-owned telecommunications company. DT and its subsidiary Magyar Telekom agreed to pay a total $95 million settlement.[4]
Acquisition of Sprint[edit | edit source]
On April 1, 2020, T-Mobile US acquired Sprint Corporation for $26 billion.[5] Prior to the formal acquisition, 14 state attorneys general filed suit to block the merger, alleging it would result in higher prices for consumers to the extent of $4.5 billion annually.[6] The merger was allowed to proceed, with the judge stating "the merger is not likely to substantially lessen competition like the suing state AGs had claimed it would" and also that Sprint "does not have a sustainable long-term competitive strategy [to remain a viable competitor]."[7] As one of the leaders of the suit, the attorney general of California struck a settlement, gaining several substantial concessions toward protecting Californian jobs and low-cost mobile plans.[8]
The United States Department of Justice Antitrust Division required that Sprint sell several billion dollar assets to Dish Network prior to merging with T-Mobile.[9]
As of September 30, 2024, a T-Mobile filing with the SEC indicates multiple ongoing legal cases and consumer class action cases alleging antitrust activities, chiefly as it relates to T-Mobile's acquisition of Sprint.[10] As an example, Dale et al. v. Deutsche Telekom AG, et al., filed in 2022, seeks damages in the billions because of "anticompetitive effects" (i.e. higher prices) as a result of the merger.[11]
Data breaches[edit | edit source]
On April 1, 2025, users of a T-mobile tracking device and app called SyncUP were subsequent to an account leak that included the profile photo, name, and exact location of accounts (primarily children).[12] Similarly to the Wyze incident in September 2023, the location of random child accounts from different states were shown on a parent's phone.[13]
References[edit | edit source]
- ↑ "Shareholder structure". www.telekom.com. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ "SIGNIFICANT SUBSIDIARIES". SEC. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ "T-Mobile Delivers Industry-Leading Growth in Customers, Service Revenues, Profitability and Cash Flows in Q3, Raises 2024 Guidance Across the Board" (PDF). s29.q4cdn.com. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ "SEC Charges Magyar Telekom and Former Executives with Bribing Officials in Macedonia and Montenegro". SEC. 29 Dec 2011. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ De La Merced, Michael J.; Kang, Cecilia (29 Apr 2018). "Sprint and T-Mobile to Merge, in Bid to Remake Wireless Market". The New York Times. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ "U.S. judge sets pre-trial hearing next week for Sprint/T-Mobile deal". finance.yahoo.com. 13 Jun 2019. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ Wagner, Alex (11 Feb 2020). "Judge approves T-Mobile-Sprint merger". Tmo News. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ Wagner, Alex (11 Mar 2020). "California AG Xavier Becerra will not appeal judge's T-Mobile-Sprint merger ruling". Tmo News. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ Wagner, Alex (26 Jul 2019). "Justice Department officially approves T-Mobile and Sprint's merger". Tmo News. Retrieved 13 Apr 2025.
{{cite web}}
: CS1 maint: url-status (link) - ↑ sec.gov/Archives/edgar/data/1283699/000128369924000142/R22.htm
- ↑ Dale v. Deutsche Telekom AG, 22 C 3189 (N.D. Ill. Oct. 4, 2024)
- ↑ Koebler, Jason; Maiberg, Emanuel (2025-04-02). "T-Mobile Shows Users the Names, Pictures, and Exact Locations of Random Children". 404media. Archived from the original on 2025-04-02. Retrieved 2025-04-04.
- ↑ Ropek, Lucas (2025-04-03). "T-Mobile Bug Reveals Names, Images, and Locations of Random Children". Gizmodo. Archived from the original on 2025-04-04. Retrieved 2025-04-04.