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Information technology services industry

DISH Network Corporation and T-Mobile US, Inc. Execute First Amendment to Asset Purchase Agreement

Strategic Insights

— 1 min read

DISH Network Corporation and T-Mobile US, Inc. have entered into the First Amendment to the Asset Purchase Agreement, amending the original agreement to close the transaction on July 1, 2020. The amendment extends the termination date of the Asset Purchase Agreement to July 1, 2020, subject to the terms and conditions of the agreement and the DOJ Final Judgment.

Key Takeaways:

  • The First Amendment to the Asset Purchase Agreement was executed on June 17, 2020, by DISH Network Corporation, T-Mobile US, Inc., and Sprint Corporation.
  • The amendment extends the termination date of the Asset Purchase Agreement to July 1, 2020, allowing both parties to proceed with the closing on this date.
  • The closing of the transaction is subject to the terms and conditions of the Asset Purchase Agreement, including the satisfaction of the conditions to closing set forth in Article 9.
  • The amendment also extends the application of certain provisions of the Asset Purchase Agreement, including the governing law, waiver of jury trial, and severability clauses.
  • The asset purchase agreement was originally executed on July 26, 2019, between DISH Network Corporation, T-Mobile US, Inc., and Sprint Corporation.
  • The First Amendment supersedes all prior agreements and understandings between the parties with respect to the subject matter of the asset purchase agreement.

Statistics:

  • The transaction closing date is set for July 1, 2020.
  • The original asset purchase agreement was executed on July 26, 2019.
  • The amendment was executed on June 17, 2020.
  • The termination date of the asset purchase agreement has been extended to July 1, 2020.
  • The asset purchase agreement includes provisions for the satisfaction of conditions to closing, the governing law, and the stipulation of a jury trial waiver.

Sources:

  • SEC FILINGS: Form 8-K, filed by DISH Network Corporation on July 26, 2019.
  • Asset Purchase Agreement, executed on July 26, 2019.
  • First Amendment to the Asset Purchase Agreement, executed on June 17, 2020.

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