The U.S. Federal Communications Commission has approved two T-Mobile deals that would expand the wireless carrier's network, the commission said on Friday, after the company ended its diversity, equity and inclusion programs under pressure from President Donald Trump's administration.

The Department of Justice dropped its antitrust investigation into T-Mobile US’ pending purchase of smaller telecommunications rival UScellular, but warned the deal could mark an anticompetitive turning point for the domestic wireless telecommunications industry.

Despite that, the DOJ said it closed its investigation into the merger and will not ask a court for an injunction to prevent T-Mobile from buying US Cellular assets. US Cellular is being carved up among the three major wireless firms,

The backlash against DEI gained steam during the 2024 presidential election but hit a fever pitch when Trump took office. The private sector has rushed to distance itself from the policies it once trumpeted after the president threatened to strip federal contracts from companies that stood by their DEI programs.

Mobile’s US$4.4 billion acquisition of UScellular on Thursday, the latest deal blessed by the Trump administration as it takes a softer approach to corporate consolidation than its predecessor. Read more at The Business Times.

T-Mobile faces bearish signals with downward EPS revisions, high implied volatility, and technical weakness. Click here to read why TMUS is a Sell.

Fintel reports that on July 9, 2025, Keybanc downgraded their outlook for T-Mobile US (NasdaqGS:TMUS) from Sector Weight to Underweight. Analyst Price Forecast Suggests 16.59% Upside As of June 20, 2025,