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Subsequent Events
6 Months Ended
Jun. 30, 2019
Subsequent Events  
Subsequent Events

14.Subsequent Events

Sprint Asset Acquisition by DISH Network

Asset Purchase Agreement

On July 26, 2019, DISH Network entered into an Asset Purchase Agreement (the “APA”) with T-Mobile US, Inc. (“TMUS”) and Sprint Corporation (“Sprint” and together with TMUS, the “Sellers” and after the consummation of the Sprint-TMUS merger, sometimes referred to as “NTM”)).

Pursuant to the APA, after the consummation of the Sprint-TMUS merger and at the closing of the transaction, NTM will sell to DISH Network and DISH Network will acquire from NTM certain assets and liabilities associated with Sprint’s Boost Mobile, Virgin Mobile and Sprint-branded prepaid mobile services businesses for an aggregate purchase price of $1.4 billion as adjusted for specific categories of net working capital on the Closing Date. In connection with the APA, DISH Network also entered into various agreements with the FCC and the United States Department of Justice (the “DOJ”). See Note 14 “Subsequent Events” in the Notes to DISH Network’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2019 for further information on the APA.

We may make cash distributions to finance this acquisition, in whole or in part. See Note 16 in the Notes to our Annual Report on Form 10-K for the year ended December 31, 2018 for further information regarding our dividends to DOC.