YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
U.S. antitrust enforcers greenlit T-Mobile's $4.4 billion acquisition of UScellular on Thursday, the latest deal blessed by the Trump administration as it takes a softer approach to corporate consolidation than its predecessor.
The U.S. Department of Justice's antitrust division said it was closing its investigation without seeking to block the deal announced in May 2024 for T-Mobile to take over UScellular's wireless operations including customers, stores and 30% of its spectrum assets.
The announcement came a day after T-Mobile US said it was ending its diversity, equity and inclusion programs, under pressure from the Trump administration as it sought regulatory clearance for this deal and Federal Communications Commission approval to establish a joint venture with U.S.-based private equity firm KKR to acquire internet service provider Metronet.
Read more from Reuters.
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