New Street Says T-Mobile/Sprint Deal With Dish Could End State Lawsuit
New Street’s Jonathan Chaplin told investors Wednesday if T-Mobile and Sprint really have reached an agreement to sell assets to Dish Network for $6 billion, the sale probably includes as many as 12 million prepaid subscribers and spectrum in either…
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the 800 MHz or 2.5 GHz bands. Agreement could be enough to end the lawsuit filed by state attorneys general (see 1906110044), he said. “Presumably, the asset acquisition helps establish DISH as a credible enough fourth carrier such that the DOJ can approve the deal,” Chaplin said: “The state AG’s will then decide whether the divestitures and other conditions are sufficient to cure the competitive harms that they see arising from the deal. … We think the concessions could weaken the state’s case enough such that they drop their suit or lose in court, but it will depend on the details of the concessions.”