Mobile carrier T-Mobile (TMUS) and pay-TV operator Dish Network (DISH) have agreed to a divestiture deal, sources told CNBC, as T-Mobile looks to gain regulatory approval for its proposed $26 billion merger with Sprint (S) . 

The Department of Justice has been pressuring T-Mobile and its Bonn parent, Deutsche Telekom, to shed assets like wireless spectrum licenses in the interest of maintaining competition in the cellular market. 

T-Mobile and Sprint are the third- and fourth-largest mobile carriers in the country behind No. 1 Verizon (VZ) and AT&T (T) . 

CNBC reported that last month Dish Chairman Charlie Ergen met with Federal Communications Commission Chairman Ajit Pai and antitrust chief Makan Delrahim to advocate for “the need for a minimum of four nationwide mobile network operators” in order to maintain competitive balance, according to an FCC filing. 

Dish shares are rising 1.3% to $39.37 while T-Mobile was up 1.1% to $74.99. 

Let’s block ads! (Why?)


Source link

Load More In Mobiles

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Why These Social Networks Failed So Badly – Gizmodo

Sixteen years ago, the sun set on Web 1.0, and we embarked by the light of our smartphones…