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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 is approaching $ 6 billion deal for T-Mobile Sprint assets: Bloomberg

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



(Reuters) – Satellite TV provider Dish Network Corp is negotiating to buy T-Mobile US Inc and Sprint Corps wireless assets for at least $ 6 billion, Bloomberg reported on Tuesday and quoted people who were familiar with the case. [19659002] Bowl could announce an agreement as soon as this week for assets, including wireless spectrum and Sprint's Boost Mobile brand, said the Bloomberg report, adding that it has not been completed and conversations could still fall.

The US Department of Justice wanted Sprint and T-Mobile to sell additional assets, including some wireless spectrum to create a new wireless competitor, before agreeing to approve their merger of $ 26.5 billion. A DOJ decision on the merger is expected this week.

Last week, Reuters reported that the private equity group Apollo Global Management was in talks with Skålen to fund a bid for the assets.

The dish has stored wireless spectrum or air waves carrying data and is facing a deadline next year to build a network that meets the license requirements or risks losing the license.

The company, controlled by founder Charlie Ergen, met with the Federal Communications Commission on June 11 to discuss the impact of the merger on its plans to enter the wireless market, according to a legislative submission.

DOJ refused to comment while Sprint had no immediate comment. Dish and T-Mobile did not respond promptly to a comment request.

Sprint shares were 2.4% and T-Mobile 1%, while Dish & # 39; s rose marginally.

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


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