T-Mobile, U.S. Cellular and Justice Department
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The U.S. Department of Justice has cleared T-Mobile US’ $4.4 billion acquisition of UScellular’s wireless business, just a day after T-Mobile announced it was
12hon MSN
The U.S. Department of Justice's Antitrust Division said Thursday that it is closing its investigation and will not move to block the deal, originally announced in May 2024, in which T-Mobile (NASDAQ:TMUS) plans to acquire UScellular’s wireless operations,
The Justice Department won’t challenge T-Mobile US Inc.’s $4.4 billion purchase of US Cellular Corp.’s wireless operations and some of its spectrum assets, despite some concerns about the deal.
Mobiles $4.4 billion acquisition of UScellulars wireless business, marking another major corporate consolidation cleared under President Donald Trumps pro-merger antitrust policy.
Despite that, the DOJ said it closed its investigation into the merger and will not ask a court for an injunction to prevent T-Mobile from buying US Cellular assets. US Cellular is being carved up among the three major wireless firms,
Mobile's $4.4 billion purchase of UScellular. Despite potential risks to competition from spectrum consolidation, the antitrust division did not find grounds to block the deal, reflecting a softer stance on corporate mergers under President Trump's administration.