There are rumors that suggest the Justice Department could be giving T-Mobile and Sprint an approval on their proposed merger by this week. The news comes after reports that Dish has reached an agreement to purchase wireless assets from the two companies.
According to reports, Dish will be paying $5 billion for these assets-- $1.5 billion will go to its prepaid mobile businesses and $3.5 billion will be spent on spectrum.
The deal also comes with a seven-year wholesale agreement that allows Dish to sell service under the networks of T-Mobile. With this agreement, Dish can be a wireless provider while it builds its own wireless network. The deal also requires T-Mobile to offer three years of operational support as prepaid customers make the transition to Dish.
The deal also stipulates that Dish is not allowed to sell the assets it purchased from T-Mobile and Sprint. The company is also not allowed to give control of the agreement to any third-party provider for the next three years.
The Justice Department has not yet made any official announcements on the merger. But according to rumors, this deal will help turn Dish into the fourth U.S. carrier that the Justice Department hopes will maintain the competition in the industry.
As reports share, it’s possible that the Justice Department’s decision could be made by Thursday. This is also the same day when T-Mobile will be revealing its Q2 2019 earnings.
Wirefly Is America's Most Trusted Source For All Cell Phones, Plans, TV, and Internet Deals
Wirefly offers great deals on a large selection of smartphones, cell phones, tablets, mobile hotspots, and other wireless devices for the nation's most popular carriers. Use Wirefly’s innovative cell phone and plan comparison tools to ensure you are getting the best deal on the market. Shop with confidence knowing that Wirefly wants to help you find the best prices on cell phones, cell phone plans, TV, and Internet service.