T-Mobile Gets DOJ Approval for $4.4B Acquisition of U.S. Cellular

T-Mobile's (TMUS) $4.4 billion acquisition of U.S. Cellular (USM) has been cleared by the Department of Justice (DOJ), removing a key regulatory hurdle. The DOJ's antitrust division stated that U.S. Cellular's struggles to maintain its competitive position could hurt its customers, while T-Mobile's takeover could improve network quality. The deal awaits final clearance from the Federal Communications Commission (FCC). Analysts have a Moderate Buy consensus rating on TMUS stock with an average price target of $262.41, implying an upside potential of 15.02%.