Call: 919.694.3298 (919.NWIDA.98) | Email: info@nwida.org

National Wireless Independent Dealer Association

Is Charlie E Selling Boost to Himself?

A report in LightReading today (link below) states that Dish (who’s Chairman is Charlie Ergen) is in “early discussions” to sell Boost to a new company, called CONX which is owned by Charlie Ergen.

CONX is a SPAC or “Special Purpose Acquisition Company” – a company created to assist other companies to go public quickly and easily.

One industry analyst thinks it would be a good idea:

If the transaction is completed, it would give Boost capital to accelerate growth, in a structure where the investment doesn’t deprive Dish of capital for funding the network deployment. 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,”

The transaction is not finalized, but talks are underway.

Link to LightReading story

 

 
NWIDA members, contact us today if you need our assistance and if you’re not yet a member, we invite you to join today.
Want news like this delivered to your inbox? Click HERE Email pic - NWIDA
Want news like this in your RSS feed? Click HERE RSS Logo - NWIDA
Want news like this delivered to your Alexa Flash Briefing? Click HERE Alexa Logo - NWIDA
Join us on Reddit – Click HERE
Subscribe to our YouTube Channel – Click HERE YT
Our DISCORD Server – Click HERE Discord NWIDA
paid ad:

Have any Question or Comment?

Leave a Reply

Your email address will not be published. Required fields are marked *

I’m Ready to join

Not Ready to Join?

Donate to NWIDA today!


Please send more information





Paid Ad: