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T-Mobile to pay $17.5 million to settle U.S. 911 outage investigation

By Alina Selyukh WASHINGTON (Reuters) – T-Mobile US Inc will pay $17.5 million to settle a U.S. investigation of two 911 service outages last year, marking the largest such fine by the Federal Communications Commission. The FCC on Friday said it found that better safeguards in T-Mobile’s 911 network architecture would have prevented the outages, which together lasted for about three hours on Aug. 8 and affected almost all of

Samsung scrapes to victory in proxy battle over $8 billion merger

By Joyce Lee and Sohee Kim SEOUL (Reuters) – Samsung Group’s founding family on Friday scored a narrow win in a landmark proxy battle, fending off an activist investor opposed to an $8 billion deal that cements its grip as a new generation prepares to take the reins of South Korea’s biggest conglomerate. At an often-heated shareholder meeting, investors in builder Samsung C&T Corp approved an all-share takeover offer from