T-Mobile, U.S. Cellular and FCC
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The U.S. Federal Communications Commission has approved two T-Mobile deals that would expand the wireless carrier's network, the commission said on Friday, after the company ended its diversity, equity and inclusion programs under pressure from President Donald Trump's administration.
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,
T-Mobile said in a July 8 letter to the FCC that it would end its DEI-related policies "not just in name, but in substance."
The Department of Justice dropped its antitrust investigation into T-Mobile US’ pending purchase of smaller telecommunications rival UScellular, but warned the deal could mark an anticompetitive turning point for the domestic wireless telecommunications industry.
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
T-Mobile is ending DEI (Diversity, Equity, and Inclusion) policies in an attempt to obtain the Trump administration's approval for two mergers.
Fiber weakness and macro challenges could lead to the wireless network operator underperforming, according to KeyBanc.
Mobile US Inc. has rolled back policies related to diversity, equity and inclusion to appease the chairman of the Federal Communications Commission, who has made clear that merger deals won’t be approved without taking such steps.