Committee On Foreign Investment Scrutinizes T Mobiles Foreign Investments

T-Mobile Fined $60 Million for National Security Risks

Committee on Foreign Investment scrutinizes T-Mobile's foreign investments

Largest penalty ever levied by the committee

August 14, 2024 - T-Mobile has been fined $60 million by the Committee on Foreign Investment in the United States (CFIUS) for failing to disclose potential national security risks associated with its foreign investments. The fine is the largest ever imposed by the committee. CFIUS is a U.S. government agency that reviews foreign investments in the United States to ensure that they do not pose a threat to national security. In 2018, T-Mobile was acquired by the German telecommunications company Deutsche Telekom. CFIUS investigation found that T-Mobile failed to disclose that Deutsche Telekom had ties to the Chinese government. The committee also found that T-Mobile did not adequately address the potential national security risks associated with its use of Chinese-made equipment in its network. The $60 million fine is a significant penalty for T-Mobile. It is also a sign that CFIUS is taking a more aggressive approach to scrutinizing foreign investments in the United States.