Breaking News: Dish Network nearing agreement to merge with T-Mobile

The nation’s fourth largest carrier is once again on the table to be put under the control of another company. Dish Network, one of the largest television providers in the United States, has been engaged in talks to merge with T-Mobile. The merger, if successful, would assign both members’ leaders to familiar roles. Dish Network’s Charlie Ergen would remain chairman of the board of the new company while John Legere of T-Mobile stands as chief executive officer.

Although an agreement may be near, The Wall Street Journal reports that certain details remain unresolved. The purchase price and transfer of cash and stock have yet to be decided.

Dish Network and T-Mobile are both familiar with this kind of matter. Dish Network very publicly made offers for Sprint and failed. When Sprint was purchased by SoftBank, T-Mobile became a target to consolidate the wireless industry in the United States. A merger between Sprint and T-Mobile ultimately fell apart and each company moved on. Dish Network left without a carrier under its control and Sprint and T-Mobile remained separate. Now, at least two of those companies are seemingly going to be joined together.

Just over one year ago, AT&T announced its intent to acquire DirecTV. That deal could be closing rather soon. The government could always intervene between this transaction and the one that Dish Network seems to be nearing with T-Mobile.

Source: The Wall Street Journal

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