- Private equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a bid for wireless assets that will be divested in the proposed merger between T-Mobile and Sprint Corp, according to two people familiar with the matter.
The two U.S. wireless carriers have agreed to sell prepaid brand Boost Mobile to gain regulatory approval for the $26 billion merger. Sources said that Dish is interested in the assets. The U.S. Department of Justice has been in discussions with Dish, Altice USA and Charter Communications to purchase wireless assets from the merger to preserve competition in the industry, according to sources familiar with the matter.
Over the past few weeks, regulators have held discussions with potential bidders about what would constitute a wireless company that could compete with larger carriers Verizon, AT&T and the combined T-Mobile.