Dish Network, T-Mobile Agree to Extend Deadline for Spectrum Deal

By Ben Glickman

Dish Network and T-Mobile agreed to extend the date Dish can purchase spectrum licenses from T-Mobile-owned Sprint.

Dish Network Corp. said in a regulatory filing on Thursday that the two companies had amended their previous agreement giving Dish the option to purchase all of Sprint's 800 MHz spectrum licenses for $3.59 billion.

Dish now has until April 1 to purchase the spectrum under the agreement. In extending the deadline, Dish also agreed to pay $100 million to T-Mobile.

The amendment has already been approved by the Justice Department's anti-trust division and resolves all outstanding disputes between Dish and T-Mobile related to the agreement, the company said.

The amendment will be effective once the District Court for the District of Columbia enters an amended final judgement on the agreement.

Write to Ben Glickman at [e-mail]

(END) Dow Jones Newswires

10-19-23 1745ET