T-Mobile: Saturated Wireless Market, Cyberattacks Are Top Risks
T-Mobile highlighted risks to its business from wireless competition and cyberattacks in a report filed Friday at the SEC. The wireless industry “is highly competitive,” it noted. “As the industry reaches saturation, competition in all market segments, including prepaid, postpaid,…
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enterprise and government customers will likely further intensify, putting pressure on pricing and/or margins for us and all our competitors.” T-Mobile also described the growing cyberattack threat. “Cyberattacks against companies like ours are increasing in frequency and scope of potential harm over time, and the methods used to gain unauthorized access constantly evolve, making it increasingly difficult to anticipate, prevent, and detect incidents successfully in every instance.” In some cases, “bad actors exploit bugs, errors, misconfigurations or other vulnerabilities in our Systems to obtain Confidential Information.” They also “obtain unauthorized access to Confidential Information by exploiting insider access or utilizing log in credentials taken from our customers, employees, or third-party providers through credential harvesting, social engineering or other means.” T-Mobile released annual and Q4 results last week (see 2501290058).