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Stock impact report

Apollo in talks to finance Dish Network bid for T-Mobile and Sprint assets [CNBC]

DISH Network Corporation - Class A (DISH) 
Last dish network corporation - class a earnings: 2/19 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: dish.client.shareholder.com
Company Research Source: CNBC
Apollo in talks to finance Dish Network bid for T-Mobile and Sprint assets, say sources Charles Ergen, chairman and co-founder of Dish Network Corp Jonathan Alcorn | Bloomberg | Getty Images Private equity group Apollo Global Management is in talks with satellite TV provider T- Sprint The two U.S. wireless carriers have agreed to sell prepaid brand Boost 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. Department of Justice has been in discussions with Dish, Altice and Charter Show less Read more
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