US Department of Justice Antitrust Division closes its investigation into proposed transaction with T-Mobile and UScellular

Rhea-AI Summary

United States Cellular (NYSE: USM) and Telephone and Data Systems (NYSE: TDS) announced that the US Department of Justice Antitrust Division has concluded its investigation into their proposed transaction with T-Mobile. The deal still requires Federal Communications Commission (FCC) approval, and both companies are actively working with the FCC during their independent review process.

Positive

• DOJ Antitrust Division has closed its investigation, removing a key regulatory hurdle
• Transaction continues to progress through regulatory approvals

Negative

• Transaction still requires FCC approval, adding uncertainty to completion timeline

CHICAGO, July 11, 2025 /PRNewswire/ -- United States Cellular Corporation (NYSE: USM) and Telephone and Data Systems, Inc. (NYSE: TDS) report that the US Department of Justice Antitrust Division announced yesterday that it has closed its investigation into the proposed transaction with T-Mobile. The transaction remains subject to approval by the Federal Communications Commission (FCC), and we continue to work with the FCC as they complete their independent assessment.

About UScellular

United States Cellular Corporation provides a comprehensive range of wireless products and services, excellent customer support, and a high-quality network to customers with 4.4 million retail connections in 21 states. The Chicago-based company had 4,100 full- and part-time associates as of March 31, 2025. At the end of the first quarter of 2025, Telephone and Data Systems, Inc. owned approximately 83 percent of UScellular. For more information about UScellular, visit uscellular.com.

About TDS

Telephone and Data Systems, Inc. (TDS) provides wireless, broadband, video and voice to approximately 5.5 million connections nationwide through its businesses, UScellular and TDS Telecom. Founded in 1969 and headquartered in Chicago, TDS employed approximately 7,800 associates as of March 31, 2025.

View original content:https://www.prnewswire.com/news-releases/us-department-of-justice-antitrust-division-closes-its-investigation-into-proposed-transaction-with-t-mobile-and-uscellular-302503309.html

SOURCE Telephone and Data Systems, Inc. and United States Cellular Corporation

FAQ

What did the DOJ announce regarding the T-Mobile and UScellular transaction?

The US Department of Justice Antitrust Division announced on July 10, 2025, that it has closed its investigation into the proposed transaction between T-Mobile and UScellular.

What regulatory approvals are still needed for the T-Mobile and UScellular deal?

The transaction still requires approval from the Federal Communications Commission (FCC), which is conducting an independent assessment.

When did TDS and UScellular announce the DOJ's decision on their T-Mobile deal?

TDS and UScellular announced the DOJ's decision on July 11, 2025.

What is the current status of the T-Mobile and UScellular transaction?

The transaction has cleared the DOJ's antitrust review but is still pending FCC approval. Both companies are actively working with the FCC during their review process.