T-Mobile: Difference between revisions

[[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>[https://www.telekom.com/en/investor-relations/share/shareholder-structure Shareholder structure] | Deutsche Telekom</ref> which owns and operates telecommunications networks in several other countries.<ref>[https://www.sec.gov/Archives/edgar/data/946770/000104746906003393/a2168127z20-f.htm#bk1005_significant_subsidiaries sec.gov/Archives/edgar/data/946770/000104746906003393/a2168127z20-f.htm#bk1005_significant_subsidiaries]</ref> T-Mobile is the second largest wireless carrier in the United States, with 127.5 million subscribers as of September 30, 2024.<ref>[https://s29.q4cdn.com/310188824/files/doc_financials/2024/q3/TMUS-Q3-2024-Earnings-Release.pdf TMUS 09/30/2024 EX 99.1]</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>[https://www.sec.gov/news/press/2011/2011-279.htm SEC Charges Magyar Telekom and Former Executives with Bribing Officials in Macedonia and Montenegro; Release No. 2011-279; December 29, 2011]</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>

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[[Category:Internet service providers]]

[[Category:Telecommunications companies]]