Dish Network approaches $ 6 billion deal for T-Mobile Sprint assets: Bloomberg

(Reuters) – Satellite TV provider Dish Network Corp is negotiating to buy wireless assets for T-Mobile US Inc and Sprint Corp for at least $ 6 billion, Bloomberg reported Tuesday, quoting people familiar with the case. [19659002] Dish was able to announce an agreement as soon as this week for assets, including wireless spectrum and Sprint's Boost Mobile brand, said the Bloomberg report, adding that it has not been completed and the calls could still fall through .

The US Department of Justice had wanted Sprint and T-Mobile to sell additional resources, including some wireless spectrum to create a new wireless competitor before approving their $ 26.5 billion merger. A DOJ decision on the merger is expected this week.

Last week, Reuters reported that the private equity group Apollo Global Management was in negotiations with Dish to fund a bid for the assets.

The bowl has stored wireless spectrum or air waves carrying data, and faces a deadline next year to build a network that meets the license requirements or risk losing the license.

The company, controlled by founder Charlie Ergen, met with the Federal Communications Commission on June 11 to discuss the consequence of the merger on its plans to enter the wireless market, according to a proper filing.

DOJ refused to comment, while Sprint did not have immediate comment. Dish and T-Mobile did not immediately respond to a request for comment.

Shares of Sprint were up 2.4% and T-Mobile 1%, while those of Dish were up marginally.

(Reporting of Vibhuti Sharma and Sayanti Chakraborty in Bengaluru; Editing of Arun Koyyur)