Home » Boost Mobile »Charter Spectrum »Competition »Consumer News »Dish Network »Public Policy & Gov't »Reuters »Sprint »T-Mobile »Wireless Broadband » Currently Reading:

Reuters: DoJ Ignored Bid from Charter Communications to Acquire T-Mobile/Sprint Assets

NEW YORK (Reuters) – Charter Communications submitted a proposal to the Justice Department to buy telecom assets being sold under the T-Mobile US and Sprint Corp combination, but never heard back from the agency, three sources familiar with the matter said.

U.S. officials decided to accept a deal to sell assets including Sprint’s Boost Mobile brand to satellite TV provider Dish Network to resolve antitrust concerns, ending extensive talks on a merger the Justice Department is expected to approve this week.

The Justice Department’s lack of response to Charter could raise concerns among critics of the $26.5 billion merger of wireless carriers T-Mobile and Sprint that officials did not weigh all divestiture offers before deciding on a deal with Dish.

Details of the proposal were not immediately known, but sources said this week Charter had requested that there be an auction process for the divested assets.

The Justice Department declined to comment. Charter was not immediately available for comment.

Ten state attorneys general, led by New York and California and including the District of Columbia, filed a lawsuit on June 11 to stop the merger, saying it would cost their subscribers more than $4.5 billion annually. Four more states have since joined the lawsuit.

Dish emerged as the leader to acquire the prepaid phone brand Boost Mobile, which T-Mobile and Sprint are selling in order to gain regulatory approval for their merger.

Charter began offering its own mobile service called Spectrum Mobile last year, which runs on Verizon Communications’ network. It served 310,000 mobile lines as of the first quarter.

Dish, which has been stockpiling billions of dollars worth of wireless spectrum, faces a March 2020 deadline to build a product using the spectrum in order to fulfill the requirements of its licenses. It has focused on building an Internet of Things network, with the goal of eventually having a 5G wireless network.

The Federal Communications Commission has indicated it is prepared to approve the Sprint and T-Mobile merger.

Reporting by Angela Moon and Sheila Dang in New York; additional reporting by David Shepardson and Diane Bartz in Washington; editing by Chris Sanders and Leslie Adler

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

Search This Site:

Contributions:

Recent Comments:

  • Edward C Perkins: There is only one thing I like, and that is they have most of the Universal Classic Horror Movies when they take them down I'm leaving with them! it s...
  • Edward C Perkins: That was the first thing I said...
  • Edward C Perkins: Can I record Hitz movies to my DVR?...
  • Scott Noel: If they are taking away channels lower my bill....
  • RR: They told me I needed to upgrade my router/modem and gave me a modem only at the store....
  • E Gro: -...
  • Michele Bright: It's a horrible company and should just go out of business entirely. They are useless in rural areas and refuse to maintain or replace needed equipm...
  • TWay: Scituguy, I would love to know what you mean when you say "you're no longer forced to watch ads". I signed up for Youtube TV 3 days ago. I initially a...
  • Bubb: Anyway to block this Vandon troll?...
  • Bubb: And retiree medical benefits?...
  • Bowe: As much as I hate their policy, this comparison is just stupid. It is "come to my restaurant, eat 1/3 of your plate and demand paying 1/3 of the price...
  • bill: you share the post ..Interested in class action maybe simmons should do a facebook page for spectrum security customers to op in...

Your Account: