Summary
T-Mobile announced that it is ending its diversity, equity, and inclusion (DEI) programs. This change comes as T-Mobile seeks approval from the Federal Communications Commission (FCC) for two large business deals.
Key Facts
- T-Mobile is stopping its DEI programs and removing DEI content from its websites and employee training.
- The company informed the FCC Chair Brendan Carr of these changes.
- T-Mobile wants FCC approval to buy most of United States Cellular's wireless operations for $4.4 billion.
- T-Mobile also plans a joint venture with KKR to buy Metronet, an internet service provider.
- T-Mobile's stock fell by 1.3% after the announcement.
- FCC Commissioner Anna Gomez criticized T-Mobile's decision, while Brendan Carr supported it.
- The decision is seen as a move to comply with pressures from the Trump administration.
- Other companies are also making changes as they seek federal regulatory approvals.
