Dish is looking to sell service under the Boost Infinite name later this year
As part of an agreement with T-Mobile and the FCC, Dish bought Sprint's pre-paid offerings such as Boost Mobile in a transaction valued at $5 billion. The deal gave Dish 9.3 million pre-paid customers living in all 50 states and Puerto Rico. The Pay-TV firm also took over 400 employees and 7,500 retail stores along with 14MHz of Sprint's low-band 800MHz spectrum. Since starting operations, Dish has seen more than 1.
When Ergen launched CONX two years ago, he said that it would raise as much as $1 billion dollars that would be used to buy a company"that can benefit from our operational expertise in the technology, media and telecommunications industry, including the wireless communications industry."Telecom research firm New Street thinks that having the SPAC acquire Boost could help it thrive.
The report, written to New Street customers yesterday, says,"Boost will become the anchor tenant on Dish's network as it gets built out. With little more than growth in MVNO payments from Boost, Dish's fully deployed network will nearly break even; any additional wholesale or enterprise revenues would be gravy."and AT&T. The two carriers provide their networks to Boost customers allowing the company to sell wireless service while Dish builds its own 5G network.
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Source: Reuters - 🏆 2. / 97 Read more »