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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Dish Network nearing $ 6 billion deal for T-Mobile-Sprint assets: Bloomberg

Dish Network nearing $ 6 billion deal for T-Mobile-Sprint assets: Bloomberg



(Reuters) – Dish Network Corp is in talks to buy the wireless assets of T-Mobile US Inc. and Sprint Corp for at least $ 6 billion, Bloomberg reported on Tuesday, citing people familiar with the matter. ] Dish could announce a deal as soon as this week for assets including wireless spectrum and Sprint's Boost Mobile brand, the Bloomberg report said, adding that it has not been finalized and talks could still fall through

. The Spence and T-Mobile Sprint and T-Mobile will sell off additional assets including some wireless spectrum to create a new wireless competitor before agreeing to approve their $ 26.5 billion merger.

Last week, Reuters reported that Apollo Global Management's private equity group was in talks with Dish to finance a bid for assets.

The company, controlled by the founder Charlie Ergen, met with the Federal Communications Commission on June 11 to discuss the issue of the license requirements and the risk of losing the license.

The DOJ has declined to comment, while Sprint had no immediate comment on the plans to enter the wireless market. Dish and T-Mobile did not immediately respond to a request for comment

Shares of Sprint were up 2.4% and T-Mobile 1%, while those of Dish were up marginally

(Reporting by Vibhuti Sharma and Sayanti Chakraborty in Bengaluru; Editing by Arun Koyyur)


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