Faber: T-Mobile, Dish A Step Closer To Finalizing Divestiture

Dish Network Corp DISH and T-Mobile Us Inc TMUS have agreed to a divestiture deal, which brings the two a step closer to gaining government approval of its merger along with Sprint Corp S, according to CNBC’s David Faber.

In June, New York Attorney General Letitia James and California attorney General Xavier Becerra filed a multi-state lawsuit with eight other state attorneys attempting to block the proposed $26-billion merger of Sprint and T-Mobile.

According to Faber's latest report, there are still some issues the Department of Justice is actively focused on before it allows a deal.

Dish shares were trading up 1.7% to $39.55 at time of publication on Tuesday. Sprint shares were trading up 4% to $6.84, while T-Mobile shares were up 1.13 percent at $74.99.

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Photo credit: Mike Mozart, Flickr