Dish Network closing on $6 billion deal for T-Mobile-Sprint Corp’s assets

The potential deal could be formally announced later this week.

According to a report from Bloomberg which cites sources familiar with the matter at hand, satellite TV provider Dish Network Corp is in talks to purchase the wireless assets of T-Mobile US Inc and Sprint Corp, in a deal worth at least $6 billion.

The potential deal could be announces as early as later this week.

The assets include wireless spectrum and Sprint’s Boost Mobile brand.

Sources have cautioned that the deal has not been finalized and could still fall through.

The U.S. Justice Department had wanted Sprint and T-Mobile to sell off additional assets including some wireless spectrum to create a new wireless competitor before agreeing to their $26.5 billion merger.

The DOJ is expected to take a call this week.

Private equity group Apollo Global Management has been eyeing Dish’s assets.

Dish has stockpiled wireless spectrum, and faces a 2020 deadline to build a network that fulfils the license requirements, failing which it risks losing the license.

On June 11, Dish, controlled by founder Charlie Ergen, met with the Federal Communications Commission to discuss the impact of the merger on its plans to enter the wireless market, shows a regulatory filing.



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