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

 Dish Network nearing  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.

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)

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Updated Date: Jun 19, 2019 00:10:54 IST