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Will the Justice Department challenge the $4.4B T-Mobile, U.S. Cellular deal by December 31, 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from the Justice Department or credible news sources like CNBC
Story
Warren and Senators Urge FCC, Justice Department to Scrutinize $4.4B T-Mobile, U.S. Cellular Deal
Jul 23, 2024, 11:13 AM
Senator Elizabeth Warren and a group of Democratic senators are raising concerns about a $4.4 billion deal between T-Mobile ($TMUS) and U.S. Cellular ($USM). They have called on the Justice Department and the Federal Communications Commission (FCC) to scrutinize and potentially challenge the transaction. The senators argue that the deal could have significant implications for competition and consumer choice in the telecommunications market. The letter, obtained by CNBC, highlights the potential impact on rural coverage and suggests that alternative methods, such as acquiring more nationwide low band spectrum, could be considered to improve service in these areas.
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