WASHINGTON DC – After more than a year of regulatory battles, T-Mobile’s $26.5 billion takeover of Sprint is happening. Justice Department antitrust head Makan Delrahim announced Friday that the DOJ will approve the deal because T-Mobile parent Deutsche Telekom signed an agreement to sell off several Sprint assets to Dish Network, creating a new nationwide wireless carrier.
Under the agreement, Dish will acquire Sprint’s 800Mhz wireless spectrum, Sprint’s prepaid brands — Boost, Virgin Mobile and Sprint prepaid — and their combined 9.3 million customers, as well as network agreements that will allow Dish to use T-Mobile’s network for seven years while it builds out its own 5G network.
T-Mobile and Sprint will also need to give Dish access to “at least 20,000 cell sites” as well as “hundreds of retail locations.” In a joint press release, T-Mobile and Sprint say that Dish will be able to “take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile for five years” after the divestiture closes.
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