NEW YORK—T- Mobile has agreed to pay $350 million to customers affected by a class action lawsuit filed after the company disclosed last August that personal data like social security numbers had been stolen in a cyberattack. In a Securities and Exchange Commission filing on Friday, the mobile phone company said the funds would pay…
Analysts Continue to See Sharp Upside in T-Mobile US Post Q4
Analysts remained divided over T-Mobile US Inc. post Q4 results. However, they continue to see a sharp upside in the stock. Deutsche Bank analyst Bryan Kraft raised the price target on T-Mobile to $185 from $175 (53 percent upside) and kept a Buy rating on the shares post Q4 results. The 2022 guidance was primarily positive, and T-Mobile has…
Polish T-mobile Unit Faces Cyber Attack, Systems Not Compromised
WARSAW—The Polish unit of T-Mobile said on Friday it had faced a cyber attack but said its network was not blocked and its critical systems had not been compromised. The company said in a statement it had faced a distributed denial-of-service (DDoS) attack, in which hackers try to paralyze a network by flooding it with…
T-Mobile to Settle US Probe Into 2020 Outage for $19.5 Million
WASHINGTON—T-Mobile USA agreed to settle a U.S. probe for $19.5 million after a massive 2020 outage led to more than 20,000 failed 911 emergency calls. The settlement was prompted by a Federal Communications Commission investigation into a more than 12-hour outage in June 2020 that led to congestion across No. 3 wireless carrier T-Mobile’s networks,…
Deutsche Telekom Lifts T-Mobile US Stake in Softbank Swap Deal
September 7, 2021
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BERLIN/TOKYO—Deutsche Telekom has struck a share-swap deal with Softbank Group to increase its stake in U.S. unit T-Mobile and sold its Dutch unit in a major restructuring that strengthens the German group’s transatlantic focus. As a result of the two deals announced on Tuesday, Deutsche Telekom will raise its stake in T-Mobile US by 5.3…
T-Mobile CEO Says ‘Truly Sorry’ for Hack of 50 Million Users’ Data
BELLEVUE, Wash.—T-Mobile says it has notified nearly all of the millions of customers whose personal data was stolen and that it is “truly sorry” for the breach. CEO Mike Sievert said in a written statement Friday that the company spends lots of effort to try to stay ahead of criminal hackers “but we didn’t live…
T-mobile Breach Hits 53 Million Customers as Probe Finds Wider Impact
T-Mobile US Inc said on Friday an ongoing investigation into a data breach revealed that hackers accessed personal information of an additional 5.3 million customers, bringing the total number of people affected to more than 53 million. The third largest U.S. wireless carrier had earlier this week said that personal data of more than 40…
NTD Business Full Broadcast (Aug. 18)
T-mobile confirms hackers stole data from tens of millions of its customers. What was stolen and what is T-mobile doing to fix it? As inflation pressures increase the federal reserve seems more willing to lessen the amount of money it’s putting into the economy. We get analysis on the key parts of economic recovery. And New…
T-Mobile Says Data on Over 48 Million People Stolen by Hackers
Data on nearly 8 million T-Mobile customers was stolen by a hacker, the company said late Tuesday. A preliminary analysis also signaled that information on just over 40 million additional people who applied for credit from T-Mobile was also stolen. No phone numbers, account numbers, PINs, passwords, or financial information was compromised for most people,…
T-Mobile Investigating Claims of Customer Data Breach
T-Mobile is investigating a claim on an online forum post which says the personal data of over 100 million users have been breached, the company said. “We are aware of claims made in an underground forum and have been actively investigating their validity. We do not have any additional information to share at this time,”…
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