8-KMaterial Agreements

T-Mobile US, Inc. 8-K Report, Material Agreement (Jun 23, 2022)

Filed June 23, 2022For Securities:TMUSTMUSZTMUSITMUSL

Summary

T-Mobile US, Inc. (TMUS) has announced the effective date of a Term Sheet entered into with DISH Network Corporation (DISH) on June 15, 2022. This Term Sheet modifies the existing Master Network Services Agreement (MNSA) and includes commercial and settlement terms. Crucially, the U.S. Department of Justice's Antitrust Division (DOJ) has granted its required approval for these modifications, as stipulated by a prior Final Judgment. With DOJ approval secured, the Term Sheet is now in full force and effect. T-Mobile and DISH are actively engaged in good-faith negotiations to finalize an amendment to the MNSA and other necessary agreements. While definitive agreements are still pending, the terms outlined in the Term Sheet are binding. This development is significant as it represents a key step in T-Mobile's ongoing relationship and strategic arrangements with DISH.

Key Highlights

  • 1T-Mobile and DISH's Term Sheet, modifying their Master Network Services Agreement (MNSA), is now effective.
  • 2The U.S. Department of Justice's Antitrust Division (DOJ) has granted the necessary approval for the Term Sheet's terms.
  • 3The Term Sheet contains commercial and settlement terms between T-Mobile and DISH.
  • 4T-Mobile and DISH have commenced good-faith negotiations to finalize an amendment to the MNSA.
  • 5The Term Sheet is binding and in full force and effect, even before definitive agreements are finalized.
  • 6This filing relates to a material definitive agreement entered into by T-Mobile.

Frequently Asked Questions

The Term Sheet modifies the existing Master Network Services Agreement (MNSA) between T-Mobile and DISH, and outlines commercial and settlement terms related to their partnership.

The DOJ's approval was a condition precedent for the Term Sheet to become effective, as required by a previous Final Judgment related to antitrust matters. With this approval, the terms of the Term Sheet are now binding on both T-Mobile and DISH.

Yes, the Term Sheet is in full force and effect and is binding upon T-Mobile and DISH, regardless of whether definitive agreements are eventually executed.

T-Mobile and DISH are now in the process of negotiating in good faith to finalize an amendment to the MNSA and any other necessary agreements to fully implement the terms of the Term Sheet.