UScellular delays stockholders’ meeting with T-Mobile deal still awaiting FCC, DOJ approval
Both sides hope to close the transaction sometime during the middle of this year. The deal adds approximately 4 million subscribers to T-Mobile. The latter also says that a significant number of UScellular employees will be offered a job with the carrier. The transaction still awaits regulatory approval from the FCC and the DOJ.
Because the stockholders’ meeting is delayed, UScellular will have to file Form 10-K/A with the Securities and Exchange Commission (SEC) to amend its Annual Report on Form 10-K covering the year ended December 31, 2024. The amendment will include certain items that normally would have been part of the Proxy statement disseminated during the stockholder’s meeting had it been held on time.
Based in Chicago, UScellular currently has 4.4 million customers covering 21 states. At the end of last year, it had 4,100 full and part-time employees. Telephone and Data Systems (TDS) owns 83% of UScellular. As of year’s end 2024, T-Mobile had 129.5 million customers which breaks down to:
- 104.3 million postpaid customers
- 25.2 million prepaid customers
- 6.4 million High-Speed Internet customers
