Wireless company T-Mobile US has agreed to pay about $60 million to settle allegations it failed to promptly report incidents of unauthorized data access in violation of a national security agreement that allowed its merger with rival Sprint, according to senior U.S. government officials.
The civil penalty, announced Wednesday by the Committee on Foreign Investment in the U.S., is the largest fine to date imposed by the U.S. regulatory panel that reviews deals for U.S. national security risks. It is also the first enforcement action taken by Cfius that publicly named the targeted company, the officials said.
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Source: MSN News
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