Dish reportedly agrees to pay $5 billion to create a new prepaid carrier

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The $26.5 billion merger between T-Mobile and Sprint is thisclose to taking place. Bloomberg reports this morning that Dish Network will pay a total of $5 billion to create a new prepaid wireless provider. $1.5 billion will go toward a seven-year MVNO deal with T-Mobile that will allow Dish to sell wireless service using the T-Mobile network. For three-years T-Mobile will provide support to Dish to ease the transition of prepaid subscribers from a merged T-Mobile-Sprint to Dish. To protect T-Mobile, Dish cannot flip these assets or turn the agreement over to a third party for three years. …

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