Dish Network nearing $6 billion deal for T-Mobile-Sprint assets - Bloomberg
(Reuters) - Satellite TV provider Dish Network Corp is nearing a $6 billion deal to buy the wireless assets of T-Mobile US Inc and Sprint Corp, Bloomberg reported on Tuesday, citing people familiar with the matter. 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 approve their $26.5 billion merger
(Reuters) - Satellite TV provider Dish Network Corp is nearing a $6 billion deal to buy the wireless assets of T-Mobile US Inc and Sprint Corp, Bloomberg reported on Tuesday, citing people familiar with the matter.
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 approve their $26.5 billion merger.
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Last week, Reuters reported https://www.reuters.com/article/us-apollo-dish-network-t-t-mobile-us-spr/apollo-in-talks-to-finance-dish-network-bid-for-t-mobile-sprint-assets-sources-idUSKCN1TF2PJ that private equity group Apollo Global Management was in talks with Dish to finance a bid for the assets.
The Department of Justice declined to comment, while Sprint had no immediate comment. Dish and T-Mobile did not immediately respond to a request for comment. (https://bloom.bg/2XkyT8I)
Shares of Sprint were up 2.4% and T-Mobile 1%, while those of Dish were up marginally.
(Reporting by Sayanti Chakraborty in Bengaluru; Editing by Arun Koyyur)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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