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National Wireless Independent Dealer Association

Peter Adderton Wants Boost Back – Again

New Boost Logo - NWIDAAccording to a tweet from Peter Adderton himself, and an article in Bloomberg, Peter Adderton wants to buy Boost Mobile – again.

Peter Adderton said by phone to Bloomberg on Thursday that he’s preparing a bid for Boost and has talked to at least one major private equity shop about financing the deal. 

“I have been laser focused on buying this business for a long time now,” Adderton said. “We’ll be putting together a full offer to take to the Dish board.” 

Dish said earlier this month it’s in preliminary discussions to merge Boost with Charlie Ergen’s blank-check company, CONX Corp. Dish acquired the prepaid service in 2020.

Adderton plans to make Dish board members aware of his interest before they approve the CONX merger plan. The CONX board is awaiting a decision from Dish before they vote on Oct. 31 to extend the Boost discussions.

“We are in regular dialog with interested parties who may assist us in accomplishing our goals, including recently preliminary conversations with Conx,” Dish said in a emailed statement. “There can be no assurance that these preliminary discussions will lead to a transaction nor as to the structure or terms of any such transaction.”

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