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T-Mobile, Sprint Merger Gets DOJ Approval With Sale of Assets to Dish

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Charlie Ergen is poised to get into the wireless phone biz as part of T-Mobile and Sprint’s merger getting the regulatory green light. Ergen’s Dish Network entered into a $5 billion dea…

Under the terms of the deal, Dish will obtain Sprint’s Boost Mobile, Virgin Mobile and other prepaid businesses and enter into a “mobile virtual network operator” deal with the New T-Mobile for seven years. Additionally, T-Mobile and Sprint must make available to Dish at least 20,000 cell sites and hundreds of retail locations. Dish reportedly will pay about $1.4 billion for the prepaid mobile business and roughly $3.

Analysts are bearish on Dish’s deal with T-Mobile/Sprint, which had previously been reported by the Wall Street Journal and Bloomberg. The problem is that with Dish getting into the wireless business, its spectrum holdings will be valued as an operating asset — not, as some had anticipated, assets the company would sell to the highest bidder. “The biggest loser here is, or rather, Dish Network’s investors,” MoffettNathanson analyst Craig Moffett wrote in a note Thursday.

In addition, T-Mobile and Sprint pledged that the combined company would roll out in-home 5G broadband within three years to at least 9.6 million eligible households, of which at least 2.6 million will be in rural areas.

 

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