T-Mobile (TMUS) Has Been Fined $48 Million Over This

Although T-Mobile has had usually favorable news, the company faced some bad news this week.

According to The Federal Communications Commission the country’s No. 3 wireless carrier, will be paying a $48 million fine for not clearly telling its customers that its “unlimited” data plans were not really unlimited.

The FCC announced on Wednesday that T-Mobile had a policy to slow down the speeds of customers who were the heaviest data users, but that the company didn’t let customers know what the data-use threshold was for triggering the lower speed.

T-Mobile’s CEO John Legere commented with a tweet, that it was a “good settlement with the FCC” and that the company “believes more info is best for customers.”

Disclaimer: We have no position in T-Mobile US, Inc. (NASDAQ: TMUS) and have not been compensated for this article.