KANSAS CITY, Mo. — The U.S. Department of Justice appears ready to approve the $26.5 billion merger between wireless carriers T-Mobile and Sprint, according to a report.
CNBC, citing unnamed sources, reported that the Justice Department will announce its approval on Thursday on the condition that T-Mobile sells some of its assets to Dish Network.
Dish will reportedly pay $1.4 billion for T-Mobile’s prepaid mobile business and $3.6 billion for spectrum assets.
Overland Park-based Sprint and Bellevue, Washington-based T-Mobile announced plans to merge in April 2018.
In June, a group of state attorneys general filed a federal lawsuit to block the merger, arguing the move would ultimately harm consumers.
The two companies have said the new T-Mobile will maintain a secondary headquarters on Sprint’s Overland Park campus, with the main headquarters in Washington state.