The two sides are reportedly in close agreement about what a combined company would look like. Sources say current T-Mobile CEO John Legere could become CEO, while Dish's Charlie Ergen would become chairman. Other issues such as purchase price, and mix of cash and stock remain unresolved.
The deal would provide synergies on both sides that help solve different strategic hurdles. Dish currently owns lots of wireless spectrum, but has no cellular network to put it to use. It also is struggling ways to find success in the declining satellite TV business. Merging with T-Mobile would help address both those needs.
Dish Network recently revamped Sling TV earlier this year to offer a $20 monthly streaming plan, very similar to what Apple is rumored to eventually launch.
Dish's rival, DirecTV is close to finalizing a $49 billion deal to be acquired by AT&T, which is expected to see regulator approval soon.