WASHINGTON, Aug 14 (Reuters) - A powerful U.S. committee
that scrutinizes foreign investment for national security risks
fined T-Mobile $60 million, its largest penalty ever,
for failing to prevent and report breaches of sensitive data,
senior U.S. officials said on Wednesday.
The penalty imposed by the Committee on Foreign Investment
in the U.S. (CFIUS) is tied to violations of a mitigation
agreement that German-owned T-Mobile inked with the panel as
part of its $23 billion acquisition of U.S.-based Sprint Corp in
2020.
T-Mobile did not immediately respond to a request for
comment.
"The $60 million penalty announcement highlights the
committee's commitment to ramping up CFIUS enforcement by
holding companies accountable when they fail to comply with
their obligations," one of the officials said, adding that
transparency around enforcement actions incentivizes other
companies to comply with their obligations.
The size of the fine, and CFIUS's unprecedented decision
to make it public, show the committee is serious about taking a
more muscular approach to enforcement as it seeks to deter
future violations.