Dish and T-Mobile US in merger talks

Dish and T-Mobile US in merger talks

Dish Networks and T-Mobile US are in talks over a potential merger, the Wall Street Journal reports.

The US’ second largest satellite TV operator and its fourth largest carrier have allegedly agreed that T-Mobile CEO John Legere would serve as chief executive of the combined entity, with Dish CEO Charles Ergen standing as chairman.

This is not the first time that a merger between the two firms has been discussed. In April 2013, Dish informally approached T-Mobile US shareholder Deutsche Telekom over a potential deal. Deutsche Telekom holds a 66% stake in T-Mobile US.

A Frankfurt-based trader told Reuters: “Talks are not new, but a deal may be more imminent now. This should be seen as slightly positive for Deutsche Telekom.”

According to sources, a purchase price and the overall structure of the deal remain undecided.