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
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