US satellite TV giant DISH Network is in talks to buy selected wireless assets owned by T-Mobile US and Sprint for at least USD6 billion, Bloomberg reports, citing people familiar with the matter. The deal is set to include Sprint’s pre-paid brand, Boost Mobile, alongside an unconfirmed quantity of wireless spectrum. The news agency notes that the transaction has not been finalised and could still fall through. Last week, Reuters reported that private equity group Apollo Global Management was in talks with DISH to finance a bid for the assets.
As previously reported by TeleGeography’s CommsUpdate, the Federal Communications Commission (FCC) gave the USD26 billion merger between T-Mobile and Sprint its approval, on the proviso that the enlarged entity divested Boost. The Department of Justice (DoJ), however, believed that the regulator’s measures did not go far enough, hence the inclusion of an additional spectrum package.
TeleGeography notes that long-time wireless market aspirant DISH has been stockpiling multi-band spectrum in recent years, although its operational plans remain unclear. The potential acquisition of Boost Mobile would give it a significant leg-up in the wireless market.