Cable companies are interested in buying T-Mobile’s assets
On June 12, Bloomberg reported that top cable companies Charter Communications (CHTR), Dish Network (DISH), and Altice USA (ATUS) are interested in acquiring the assets that T-Mobile (TMUS) is planning to divest to win regulatory approval for its $26 billion acquisition of Sprint (S).
Citing people familiar with the matter, Bloomberg said, “The companies are on a shortlist of bidders favored by the Justice Department.” It also said, “The antitrust division would be comfortable with cable companies buying the assets because they are better positioned to become viable competitors with their own networks.”
Selling Boost prepaid business
Sprint and T-Mobile have agreed to sell the Boost Mobile prepaid wireless brand to persuade the Federal Communications Commission to approve their merger agreement. However, to win over the Department of Justice, Sprint and T-Mobile are discussing the divestiture of wireless spectrum as well as other prepaid brands to create a viable fourth wireless competitor if the merger goes through.
Sprint, T-Mobile, Dish Network, and Charter Communications have risen 20.5%, 17.8%, 50.3%, and 37.6%, respectively, year-to-date.