T-Mobile Closes Lumos Deal Amid DEI Policy Scrutiny: FCC Chair Brendan Carr's Impact on Mergers
T-Mobile’s acquisition of Lumos marks a shift in corporate DEI policies, following FCC Chair Brendan Carr's stance on mergers.
Matilda
T-Mobile Closes Lumos Deal Amid DEI Policy Scrutiny: FCC Chair Brendan Carr's Impact on Mergers
T-Mobile’s recent closing of its joint venture with fiber provider Lumos highlights a significant shift in the company’s approach to diversity, equity, and inclusion (DEI) policies. This change comes shortly after T-Mobile removed its webpage dedicated to promoting a "culture of fairness, respect, and inclusion"—a move that seems to respond directly to the scrutiny imposed by Federal Communications Chair Brendan Carr. Image:Google Carr has become increasingly vocal about his stance on DEI, warning that companies with DEI policies in place could face roadblocks in mergers and acquisitions. His recent comments, made during an interview with Bloomberg, suggest that major deals—such as T-Mobile's plan to acquire most of US Cellular—won't move forward unless companies make substantial changes to their DEI frameworks. T-Mobile’s executives appear to be aligning with Carr’s position. Mark Nelson, T-Mobile's executive vice president, reassured stakeholders in a March lette…