All Telecommunications articles – Page 4
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ArticleEricsson admits ‘corruption-related misconduct’ in Iraq; may have paid ISIS
Ericsson announced an internal investigation uncovered evidence of “corruption-related misconduct” that occurred in the Swedish telecommunications company’s Iraq operations between 2011 and 2019.
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ArticleCosmote, parent company OTE fined $10.6M under GDPR
The Hellenic Data Protection Authority fined mobile phone operator Cosmote and its parent company OTE a total of €9.25 million (U.S. $10.6 million) for a data breach caused by a September 2020 cyberattack and for illegally processing customer data.
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VEON names group general counsel
Netherlands-based telecommunications company VEON announced Victor Biryukov has been appointed group general counsel.
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ArticleDOJ finds Ericsson breached obligations under FCPA agreement
Swedish telecommunications giant Ericsson announced the Department of Justice has determined the company “breached its obligations” under a deferred prosecution agreement entered with the agency in 2019.
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ArticleSky Italia latest fined under GDPR over telemarketing practices
Sky Italia was ordered to pay nearly €3.3 million (U.S. $3.8 million) by Italy’s data protection authority Garante for allegedly misusing customer data to make unwanted promotional phone calls.
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T-Mobile US recruits general counsel
Telecommunications giant T-Mobile US announced Mark Nelson will join the company as executive vice president and general counsel.
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ArticleEx-Ericsson employee charged with FCPA bribery violations
A former account manager at Swedish telecommunications giant Ericsson faces charges of conspiracy to violate the Foreign Corrupt Practices Act regarding alleged bribes paid to government officials in the Republic of Djibouti.
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ArticleSEC fines telecom Pareteum $500K for overstating revenue
New York City-based telecom Pareteum Corp. will pay $500,000 to settle SEC charges it committed fraud by overstating its revenue by approximately $42 million over six quarters and providing false information to auditors.
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ArticleCEO: T-Mobile ‘humbled’ by data breach, taking steps to prevent future attacks
T-Mobile CEO Mike Sievert lamented the recent breach of company servers that led to a hacker stealing the personal information of nearly 55 million customers, but said the company is “fully committed to take our security efforts to the next level.”
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ArticleT-Mobile ups compromised customer account total to 55M
A “highly sophisticated” cyber-attack illegally accessed nearly 55 million customer records of mobile phone carrier T-Mobile, the largest such attack against the company that has been hit at least four previous times since 2018.
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ArticleT-Mobile the least surprising data breach of 2021
Cyber-attacks catch most companies and their customers off guard, but T-Mobile, the victim of at least five data breaches since 2018, had many red flags indicating its vulnerability ahead of its latest incident.
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ArticleFormer FTE Networks CEO, CFO charged with accounting fraud
The former chief executive officer and chief financial officer of telecommunications company FTE Networks were arrested and charged with accounting fraud among a series of other alleged crimes.
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Deutsche Telekom hires chief compliance officer
Deutsche Telekom, the parent company of T-Mobile, has appointed Marie von der Groeben as chief compliance officer.
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ArticleEricsson to pay Nokia $97M to settle FCPA-related damages claim
Swedish telecom giant Ericsson has reached a settlement of €80 million (U.S. $97 million) with Nokia relating to events that were the subject of a 2019 FCPA resolution with U.S. authorities.
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ArticleItalian DPA fines Fastweb $5.3M under GDPR for aggressive telemarketing
The Italian Data Protection Authority announced a fine of €4.5 million (U.S. $5.3 million) against telecommunications company Fastweb for misusing customer data for telemarketing purposes.
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ArticleMichaela Ahlberg: Building a compliance program amid an FCPA probe
Michaela Ahlberg created a compliance program from scratch when she was hired by Swedish telecom Telia following allegations of corruption in its foreign business dealings. She shared what she learned with the audience at CW’s Financial Crimes virtual event.
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ArticleVodafone Spain fined record $9.72M for data protection failures
Vodafone Spain has been fined €8.15 million (U.S. $9.72 million) for aggressive telemarketing tactics and other data protection failures under the GDPR. The penalty is the highest the Spanish Data Protection Agency has handed out.
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ArticleGDPR fines by industry: Telecoms far outpace Big Tech
Since the GDPR came into force in 2018, Big Tech firms have not been on the receiving end of fines as frequently as expected. Meanwhile, other industries have shown to be more prone to data privacy violations, namely telecommunications.
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ArticleSEC charges AT&T, three execs with disclosure violations
The Securities and Exchange Commission has accused AT&T of selectively disclosing material nonpublic information regarding poor smartphone sales to research analysts, in violation of the regulation that requires such information to be made public.
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ArticleVodafone Italy fined $14.5M under GDPR for telemarketing tactics
The Italian arm of multinational telecommunications company Vodafone is facing a fine of more than €12.25 million (U.S. $14.5 million) under the General Data Protection Regulation for aggressive telemarketing practices.