Bloomberg

President Biden's Broadband Plan Runs Headlong Into ‘Buy American’ Mandate

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.

Ryan Reynolds-Backed Mint Is Bought by T-Mobile for $1.35 Billion

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.