1. US DOJ closed its investigation into USM's T-Mobile transaction. 2. Transaction pending approval from the FCC. 3. UScellular holds 4.4 million retail connections across 21 states. 4. TDS owns approximately 83% of UScellular as of March 2025. 5. TDS serves 5.5 million connections nationwide through multiple services.
The closure of the DOJ investigation can lead to a positive perception of USM among investors, akin to historical examples where clearance of regulatory hurdles resulted in share price increases for telecom companies.
The DOJ clearance indicates reduced regulatory risk, potentially leading to favorable investor sentiment and stock price improvement.
Approval from the FCC is anticipated in the near future, which could influence USM’s stock price in the short term similar to past telecom mergers that experienced quick market reactions.
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.
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.
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.
SOURCE Telephone and Data Systems, Inc. and United States Cellular Corporation