DOJ Shuts Down Investigation on T-Mobile-UScellular Merger

Date:

DOJ Shuts Down Investigation on T-Mobile-UScellular Merger

The T-Mobile logo on a storefront in Boston, Mass. Michael Dwyer/AP

The Department of Justice (DOJ) no longer opposes the merger of T-Mobile and UScellular and has closed its investigation into the matter, the department said in a July 10 statement.

In May last year, the companies had announced an agreement in which T-Mobile would acquire “substantially all of UScellular’s wireless operations” in a $4.4 billion deal, T-Mobile said in a May 28, 2024, statement. The transaction was set to be completed by mid-2025, provided regulatory conditions and other requirements were met.

spot_imgspot_imgspot_img

Share post:

More like this
Related

California to Raise Minimum Wage to $17.40 in 2027

California Gov. Gavin Newsom speaks at a press conference...

Trump Says US to Pause Iran Strikes as Mideast Allies Reach Outline to End War

President Donald Trump said Aug. 1 that the United...

Sandwich Chain Jersey Mikes Goes Public, Falls 6 Percent in Debut

A Jersey Mike's banner adorns the New York Stock...

How Professionals Trade: Protecting Capital Before Chasing Returns

Commentary“It’s different this time.” Few phrases have cost investors...