Bloomberg

President Joe Biden made clear in his 2023 State of the Union address that as the US spends billions of dollars on new broadband connections, “we’re going to buy American.” But that aspiration is easier said than done. While there seems to be enough domestic fiber optic cable to connect communities, the electronic components such as routers that transform glass strands into data highways are made mainly in other countries.

T-Mobile US is buying Mint Mobile, the budget wireless provider part owned by actor Ryan Reynolds, for as much as $1.35 billion in an effort to bolster its prepaid phone business and reach more lower-income customers. T-Mobile is acquiring Mint’s closely held parent company, Ka’ena Corp., with a combination of 39% cash and 61% stock.

John Malone and his former colleagues on Charter’s board agreed to an $87.5 million settlement of claims the billionaire unfairly benefited from the $79 billion purchase of Time Warner Cable he helped finance. The accord disclosed in a Delaware court filing resolves an investor’s lawsuit against directors of the second-largest US cable company over their handling of the 2016 deal. The money will come from insurance covering directors named in the suit and will go into Charter’s coffers, not to the shareholder who filed the case.