The Sprint/T-Mobile merger finally went through in April and we’ve been slowly seeing the effects of it. While T-Mobile’s big plans will take some time to develop, we’ve already seen the carrier expand its 5G network. One part of the puzzle that allowed the merger to happen was Dish Network buying Boost Mobile, Virgin Mobile, and Sprint’s prepaid business.
Back in July of 2019, the US Department of Justice approved the merger after Dish Network agreed to acquire Boost Mobile, Virgin Mobile, and Sprint’s prepaid business. Amazon was initially reportedly interested, but ultimately Dish stepped up to the plate. We now know that the deal with Dish will finally happen in two weeks, on July 1st, according to SEC filings.
We don’t have all the exact details, but it was previously reported that Dish Network agreed to spend $1.4 billion on Sprint’s prepaid business. According to Fox Business‘s Charles Gasparino, the Department of Justice forced Dish to complete the deal after it was reportedly trying to negotiate better terms.
According to details from the deal last summer, Sprint and T-Mobile will be required to provide at least 20,000 cell sites and hundreds of retail locations to Dish Network. T-Mobile is also required to give Dish “robust” access to its network for 7 years while Dish builds out its 5G network. This aid is due to the DOJ wanting to maintain four major carriers in the US, with Dish stepping into that fourth role.
Will Dish actually be able to fill the hole left by Sprint? Only time will tell, but it won’t happen overnight if it does.
Source: TmoNews | SEC Filings: T-Mobile, Dish Network
The post Dish Network is taking over Sprint’s prepaid business, Boost Mobile, and Virgin Mobile on July 1st appeared first on xda-developers.
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