Week of April 29–May 4, 2024Telecom Intelligence: Week of April 29, 2024
The FCC closed its extraordinary regulatory month by fining the nation's largest wireless carriers nearly $200 million for selling customers' real-time location data to third parties without consent — the biggest privacy enforcement in the agency's history. On Capitol Hill, UnitedHealth's CEO admitted under oath that the company paid a $22 million ransom over the Change Healthcare attack, and that intruders got in through a single server lacking multi-factor authentication. Apple then closed the week with the largest share buyback in corporate history — $110 billion — as iPhone sales fell 10% and the company teed up its AI reveal.