A major satellite provider and a major telecommunications company are holding merger talks. MarketWatch cites sources familiar with the situation saying Dish Network is in talks to merge with T-Mobile.
The report notes that the deal “would accelerate a wave of consolidation across the U.S. media and communications industries.”
MarketWatch adds: “The two sides are in close agreement about what the combined company would look like, with Dish Chief Executive Charlie Ergen becoming the company’s chairman and his T-Mobile counterpart, John Legere, serving as the combined company’s CEO, the people said.”
However, a number of key questions remain unresolved, according to the report, notably about the purchase price and the combination of cash and stock that would make up the price.
One source described the talks as being at “the formative stage.”
T-Mobile reportedly has a market capitalization of about $31 billion, with Dish’s at about $33 billion.