T-Mobile has reportedly reached a deal with Dish Network that could push the merger with Sprint over the top — but approval from the Department of Justice is still needed, according to published reports.
CNBC reported that anonymous sources had said that a deal has been reached between T-Mo and Dish on a purchase of assets, but that “there are still issues the DoJ is actively focused on before it would allow a deal.”
Dish Network CEO Charlie Ergen met on June 11 with FCC Chairman Pai, and Makan Delrahim and Andrew Finch of the DoJ. At that meeting, Dish “discussed its opposition to the proposed merger of Sprint and T-Mobile as currently constructed…Dish explained the need for a minimum of four nationwide mobile network operators. Dish also discussed the impact of the proposed merger on DISH’s market entry and its wireless buildout plans.”
The reported deal would restrict Dish to 12.5% of the New T-Mobile’s spectrum capacity; parent company Deutsche Telekom also wants to limit any strategic Dish investor to 5%, CNBC reported.
Read the entire article here
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One comment on “T-Mobile Reaches Deal with DISH – DOJ Approval Still Needed”
[…] our earlier report, CNBC is reporting that while Dish and T-Mobile are near a deal, there are hurdles to […]