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National Wireless Independent Dealer Association

**updated 5/22 – 13:30** As we have been unable to corroborate the original story, we are removing it for now. We will keep the link to the Reuter’s story about the DoJ recommended block of the merger. If we can get another source to corroborate, we will repost the original story. **updated 5/22 – 11:39** While we Read more…

Who will buy Boost Mobile? Glad you asked. In fact, I’ve been asked this many times.  So many times in fact, that I’ve decided to write a (rare) opinion post about it. Yesterday, the FCC basically approved the Sprint / T-Mobile merger. Presuming the DoJ does the same (and there’s no guarantee there), and the merger goes Read more…

NWIDA’S OFFICIAL POSITION ON THE FCC ANNOUNCEMENT REGARDING THE SPRINT/T-MOBILE MERGER NWIDA was pleased with today’s announcement by FCC Chairman Pai regarding his backing of the Sprint / T-Mobile merger – as it relates to the news that Boost Mobile will be spun off. It has always been NWIDA’s position that it would be difficult, if not Read more…

**Update 5/20 2:30pm** Boost will be divested within 120 days of the merger closing. ———————————————— Here are selections of the statement from Ajit Pai of the FCC. (link to full statement below): CHAIRMAN PAI STATEMENT ON T-MOBILE/SPRINT TRANSACTION WASHINGTON, May 20, 2019—Today, T-Mobile US, Inc. and Sprint Corporation committed to the Federal Communications Commission that they would Read more…

UPDATED – 5/20 – 10:31 – The divestiture has been confirmed by the FCC UPDATE -5/20 10:08 am – NWIDA has heard from a Sprint employee that they have been told Boost is being spun off. We are trying to get a copy of the memo. ************************** According to a Bloomberg report (link below) T-Mobile and Sprint are planning Read more…

Officials at the FCC met Thursday to discuss possible conditions for the merger. This may indicate that discussions with the government have reached a critical stage, according to a report from FOX Business (link below) The meeting was “hours-long” and was held at FCC headquarters in Washington. It looks like this may be “progress” and a “somewhat Read more…

We now have the more detailed report from Bloomberg (link below) As we stated in the first post, among the options being discussed is the separation and potential sale of the prepaid businesses. Other options — such as selling airwave licenses or setting up a new fourth carrier through a network-leasing arrangement — are being discussed but Read more…

Per a report on TheFly, T-Mobile and Sprint are considering different concessions in order to save the merger, including a sale of their prepaid businesses. While the report (link below) is just a snippet at this point, the way it’s worded could mean one prepaid business (Boost?) or multiple, if not all of them. We’ll update as Read more…

The Sprint earnings call took place late yesterday and we have the facts and figures Sprint reported a net loss of $2.2 billion and operating loss of $1.7 billion in its fourth quarter, which ended March 31. The company ended the 2018 fiscal year with a net loss of $1.9 billion and operating income of $397 million. Read more…

Sprint Corporation is expected* to report earnings later today (after market close.) The report will be for the fiscal Quarter ending Mar 2019. According to Zacks Investment Research, based on 14 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.02. The reported EPS for the same quarter last year was $0.02. — NWIDA members, contact Read more…

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