Dish Network in Merger Talks With TMobile Wsj 04.06.2015

7/24/2019 Dish Network in Merger Talks With TMobile Wsj 04.06.2015

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Dish Network in Merger Talks With T-Mobile US

Dish and T-Mobile have agreed Charlie Ergen would be chairman

and John egere CE!" sources sa#

By Ryan Knutson, Thomas Gryta and Shalini Ramachandran

http://www.wsj.com/articles/dish-network-in-merer-talks-with-t-mo!ile-us-"#$$$%$&%'

(pdated )une #, &*"' "&:*+ a.m. T

ish etworkorp.is in talks to mere with T-0o!ile (S1nc.,people 2amiliar with thematter said, a deal that would accelerate a wa3e o2 consolidation across the (.S. media and

communications industries.

The two sides are in close areement a!out what the com!ined company would look like,with ish hie2 4ecuti3e harlie ren !ecomin the company5s chairman and his T-0o!ile counterpart, )ohn 6eere, ser3in as the com!ined company5s 7, the people said.

Touher 8uestions a!out a purchase price and the mi4 o2 cash and stock that would !e used topay 2or a deal remain unresol3ed, the people said. 7ne o2 the people characteri9ed the talks asat the 2ormati3e stae,; and said an areement miht not ultimately !e hammered out.
http://www.wsj.com/articles/dish-network-in-merger-talks-with-t-mobile-us-1433383285http://quotes.wsj.com/DISHhttp://quotes.wsj.com/TMUShttp://quotes.wsj.com/DISHhttp://quotes.wsj.com/TMUShttp://www.wsj.com/articles/dish-network-in-merger-talks-with-t-mobile-us-1433383285


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12 completed, the deal would !e the latest multi!illion-dollar com!ination in traditionaltele3ision and communications industries !ein upended !y the 1nternet. T-0o!ile ri3al#+ !illion deal2or ish ri3al irecT? that will createthe country5s larest pay-T? company. 0eanwhile, harter ommunications1nc.recentlyannounced a total o2 >@A !illion in deals that would roll upTime arner a!le and BrihtCouse etworks to create the second-larest (.S. ca!le operator.

< deal would likely !e 3ery lare. T-0o!ile has a market capitali9ation o2 a!out >$" !illion, alittle !elow ish5s >$$ !illion.


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!uilt the cellular network needed to put them to use. T-0o!ile5s wireless ser3ice would helpaddress !oth needs.

$urther %eading

6i!erty5s )ohn 0alone yes ontent onsolidation

ish e2ends 1ts Spectrum


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< ish deal with T-0o!ile would com!ine the country5s second-larest satellite T? operatorwith its 2ourth-larest wireless carrier. Fhoto: 0atthew Sta3er/Bloom!er ew

Still, ish has consistently e4pressed interest in enterin the wireless industry. 1t has !eenamassin licenses to use wireless airwa3es 2or se3eral years. arlier this year, it worked with

two smaller 2irms to!id >"$.$ !illion in a o3ernment auctiono2 wireless airwa3es, secondonly to "%.& !illion.

T-0o!ile has trans2ormed itsel2 2rom the weaklin o2 the wireless industry into its 2astest-rowin carrier. (nder 0r. 6eere, T-0o!ile ac8uired reional ri3al 0etroFS in &*"$,made strides in impro3in the 8uality o2 T-0o!ile5s network, and was the 2irst carrier to doaway with two-year contracts. 1t also !ean payin su!scri!ers to switch carriers and soon

!ean addin customers at a rapid clip. 1n the 2irst three months o2 the year, it was the onlymajor (.S. carrier to add phone customers, and T-0o!ile is now on track to pass ri3al Sprintand !ecome the country5s third-larest wireless carrier !y su!scri!ers.

T-0o!ile spent much o2 last year in talks to !e ac8uired !y Sprint. Those talks 2ell apart a2ter2ederal reulatorsHinsistent on preser3in 2our national wireless carriersHrepeatedlysinaled they would !lock a deal.

That opened the door 2or 0r. ren. 1n 0ay, 0r. ren said, e admire what )ohn and histeam ha3e done at T-0o!ile,; re2errin to 0r. 6eere, the 7, and certainly we 2ollowwhat they do.;

< T-0o!ile deal with ish could 2ace 2ar less opposition 2rom reulators, !ecause thecompanies are in di22erent industries and !ecause a deal could in theory create a stronerwireless competitor.


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incorrectly stated that T-0o!ile has $+ million retail customers and that harter recentlyannounced a total o2 >@@ !illion in deals. D)une $E

Write to Ryan Knutson at ryan.knutsonIwsj.com, Thomas Gryta at thomas.rytaIwsj.comand Shalini Ramachandran at shalini.ramachandranIwsj.com
mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]

Dish Network in Merger Talks With TMobile Wsj 04.06.2015

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