Washington state's attorney general says the company had years to fix vulnerabilities. T-Mobile says it's "fundamentally transformed" its approach to cybersecurity.
The U.S. state of Washington has sued T-Mobile over allegations the phone giant failed to secure the personal data of millions of state residents prior to an August 2021 data breach, which went on to affect more than 79 million customers across the United States.
T-Mobile US (TMUS) shares dropped Monday as Wells Fargo and RBC Capital Markets analysts downgraded the stock.
Shares of telecommunications name T-Mobile US Inc (NASDAQ:TMUS) are down 3.7% at $210.91 at last glance, following two bear notes.
T-Mobile (TMUS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
T-Mobile's merger with Sprint has led to increased prices and profit margins, benefiting investors with a 91% stock rise since my Buy recommendation. Despite challenges, T-Mobile's growth vectors include fixed-wireless and its ability to "pull through" postpaid mobile phone lines along with it, and also expanding share in small markets and rural areas. Concerns about T-Mobile's brand commitment to customer service exist, but reduced competition lessens the impact on customer retention.
TMUS appears to be treading in the middle of the road, and investors could be better off if they trade with caution.
T-Mobile is set to introduce a beta program in collaboration with Starlink, offering direct-to-cell satellite services. The initiative aims at expanding coverage in remote regions.
Opensignal's report finds that T-Mobile has the fastest and most reliable network at ski resorts across the United States.
The concept of using satellites for cellphone coverage is taking a notable step forward.
Telecom giant T-Mobile on Friday unveiled a $14 billion share buyback.
Keybanc analyst Brandon Nispel downgraded T-Mobile US Inc TMUS from Overweight to Sector Weight.