Justice Department Won’t Seek Injunction for T-Mobile Acquisition of U.S. Cellular
Major hurdle removed on path to deal between T-Mobile and U.S. Cellular
- The Justice Department won’t seek an injunction to prevent T-Mobile from closing on its proposed acquisition of U.S. Cellular.
- T-Mobile agreed to buy most of U.S. Cellular’s operations for roughly $4.4 billion in May 2024.
- The deal would give T-Mobile more than four million new customers.
A major hurdle has been removed on the path to a deal between T-Mobile and U.S. Cellular.
The Justice Department on Thursday said its antitrust division won’t seek an injunction to prevent T-Mobile from closing on its proposed acquisition of U.S. Cellular.
After the department evaluated the deal, it determined that “the potential harm and offsetting benefits of the transaction do not warrant an enforcement action.”
T-Mobile agreed to buy most of U.S. Cellular’s operations for roughly $4.4 billion in May 2024. The agreement, which includes up to $2 billion of assumed debt, would give T-Mobile more than four million new customers and spectrum rights to carry more data over the air.