1. DOJ closes investigation into TDS's transaction with T-Mobile. 2. Transaction still pending FCC approval and assessment. 3. TDS owns 83% of UScellular, which has 4.4 million customers. 4. TDS serves approximately 5.5 million connections nationwide. 5. The company employed 7,800 associates as of March 2025.
The closure of the DOJ investigation reduces regulatory uncertainty, akin to prior FCC approvals that positively influenced stock prices in the telecom sector. Historical examples include Clearwire and Sprint's merger, where regulatory approvals led to significant stock appreciation post-announcement.
The announcement opens doors for a final approval from the FCC, potentially boosting TDS's stock value as the market generally favors companies resolving antitrust scrutiny, leading to a favorable investment outlook.
The immediate effect of DOJ's closure may lead to increased investor confidence, with the next catalyst being the FCC approval, expected soon which directly influences market sentiment.