Stories
Slash Boxes
Comments

SoylentNews is people

posted by Fnord666 on Friday July 03 2020, @03:23PM   Printer-friendly
from the will-it-become-a-sat-phone? dept.

Dish buys prepaid carrier Boost Mobile for $1.4 billion:

After nearly a decade of trying to break into the wireless market, Dish just became the newest national wireless carrier. Today, Dish announced the $1.4 billion acquisition of Boost Mobile. With this purchase, Dish secures its place in the retail wireless market and will serve more than nine million customers.

The deal is the result of T-Mobile's Sprint merger. In order to gain FCC approval and quell fears that the merger would hurt competition, T-Mobile and Sprint agreed to several demands, including divesting Boost Mobile, one of Sprint's prepaid brands. Rumors circulated last year that Dish would buy Boost for $6 billion. Obviously, the final price is nowhere near that amount.

"This marks an important milestone in DISH's evolution as a connectivity company," Dish CEO and president Erik Carlson said in a statement. "It positions us well as we continue to build out the first virtualized, standalone 5G network in America."

Also at Ars Technica and cnet.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 0) by Anonymous Coward on Saturday July 04 2020, @03:06AM

    by Anonymous Coward on Saturday July 04 2020, @03:06AM (#1015979)

    I started offering virtual hamburgers 6 months ago, and I'm now virtually a millionaire!

    You can too! Just take my Virtual Virtual Course To Crazy Riches!

    Just send $5 real dollars in a prepaid envelope to:

    PO BOX 11083
    123 WTF Cir.
    Marketing Weaselspeak Way