The last hurdle to federal approval of a mega-merger between T-Mobile US TMUS, +0.62% and Sprint Corp. S, +1.29% may have been cleared Tuesday, as Bloomberg News reported Dish Network Corp.
has agreed to acquire $5 billion in wireless assets from the companies. That divesture could allay antritrust concerns by the Justice Department, which Bloomberg reported could sign off on the deal as soon as Thursday. Under the deal, which includes wireless spectrum assets, Dish will be able to provide T-Mobile wireless service for seven years under the Dish brand. That would allow Dish to operate as a fourth nationwide mobile carrier, which the Justice Department had pushed for.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: