Report: T-Mobile, Sprint to get conditions for merger

Wednesday, 24. July 2019 13:55

Dish Network Corp. may benefit from the proposed merger of T-Mobile US Inc. and Sprint Corp. as the Department of Justice is preparing to accept the transaction on condition they sell assets to the satellite broadcast company based in Colorado that it would use for another wireless system, the Wall Street Journal wrote on Wednesday. The report quotes unnamed sources saying the announcement could be published this week but notes that attorneys general from 13 states and the District of Columbia have started a process challenging the deal worth over $26 billion.

The remedies would apparently include the purchase of prepaid contracts and licenses for wireless together with a "multiyear" arrangement for the utilization of the two entities' network. Dish already owns a portfolio of licenses.

The government insists on having four players in the sector, where the remaining ones are AT&T and Verizon. T-Mobile is controlled by Deutsche Telekom while SoftBank owns Sprint.

Related Links: DISH Network CorporationSoftbank Group CorporationSprint CorporationDeutsche Telekom AGT-Mobile US, Inc.
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Breaking the News / IT