Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets - sources [Reuters]
DISH Network Corporation - Class A (DISH)
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Source: Reuters
Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets - sources (Reuters) - Private equity group Apollo Global Management is in talks with satellite provider Dish Network to finance a bid for wireless assets that will be divested in the proposed merger between T-Mobile and Sprint Corp, according to two people familiar with the matter. The two U.S. wireless carriers have agreed to sell prepaid brand Boost Mobile to gain regulatory approval for the $26 billion merger. Sources said that Dish is interested in the assets. The talks between Apollo and Dish demonstrate private equity interest in the wireless business as regulators are pushing to create a viable fourth U.S. wireless competitor, even as the nation’s third- and fourth-largest carriers are combining. Dish and Apollo declined to comment. There is no certainty that Apollo will participate in Dish’s bid, and Apollo may decide to finance another bidder or pass on the opportunity, one of the sources said. The U.S.
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