Dish is paying practically $5 billion for mobile spectrum and pre-paid provider Boost.
Angela Lang/CNET
Satellite TELEVISION company Dish Network looks set to close its $5 billion handle the brand-new T-Mobile on July 1, according to a filing Wednesday with the SEC. Under the offer, which permitted the $26.5 billion merger in between T-Mobile and Sprint, Dish is obtaining Sprint’s pre-paid mobile provider Boost Mobile in addition to Sprint’s 800MHz cordless spectrum to assist it construct a 5G network.
The T-Mobile-Sprint merger was just allowed by the Justice Department when Dish stated it would obtain Sprint’s mobile properties to end up being a 4th provider to take on AT&T, Verizon and the brand-new T-Mobile.
Dish is paying $1.4 billion for the pre-paid organization and $3.6 billion for the spectrum.Â
“With the close of T-Mobile and Sprint, Dish is one step closer to becoming the nation’s fourth facilities-based wireless carrier,” Dish Senior Vice President Jeff Blum stated in April when the merger cleared. “We are eager to welcome Boost customers, employees and dealers.”
Blum included that Dish is “committed to bringing full, standalone 5G to America.”
Watch this:
T-Mobile and Sprint merger: What it means for you
3:52
