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T-Mobile and Dish agree to divestiture deal, subject to regulatory approval: CNBC

Emily Bary

Dish Network Corp. shares were rising in Tuesday trading after CNBC reported that T-Mobile US Inc. has struck a divestiture deal with the satellite company. The deal is pending concerns from the Department of Justice and the parties hope a formal arrangement is reached next week, according to the report, which cites multiple anonymous sources. The Justice Department wants T-Mobile to divest assets in order for its deal with Sprint Corp. to gain approval, as regulators are looking to maintain a competitive wireless environment. Dish shares are up 2.6% in morning trading, while T-Mobile shares are up 1% and Sprint shares are up 4%. The S&P 500 is down 0.1% in the session.