A potential $6 billion deal with Dish Network could pave the way for approval of the T-Mobile-Sprint merger.
Bloomberg reported that Dish is nearing an agreement to pay T-Mobile and Sprint at least $6 billion for wireless spectrum and wireless service Boost Mobile.
T-Mobile and Sprint have a pending industry-changing $26.5 billion merger that is still under consideration by the Justice Department. Selling off Boost has been floated as one potential concession to gain approval. Amazon has been previously rumored as a potential buyer.
Reports surfaced in April that shed light on how officials weren’t buying the companies’ arguments that a combined T-Mobile and Sprint will increase competition with larger rivals ATT and Verizon and up U.S. competitiveness in the next generation of wireless technology known as 5G.
Bloomberg reported last month that officials wanted T-Mobile and Sprint to set the table for a new wireless carrier, complete with its own network, as a concession for approval of the merger. That fourth carrier could be Dish, given the latest reports.
Last week, a state attorneys general coalition filed a lawsuit to stop the deal, arguing that the merger will harm consumers and raise prices by at least $4.5 billion a year.
FCC Chair Ajit Pai recently gave his approval of the merger thanks to commitments from the two wireless companies that included a divestment of Boost Mobile.
In April 2018, T-Mobile and Sprint agreed to merge and create a $146 billion company under the T-Mobile name.