DISH Network will enter the US wireless market as the fourth nationwide facilities-based network competitor, the company said.
DISH has reached agreements with the Antitrust Division of the US Department of Justice, T-Mobile US, Inc. and Sprint Corporation to complete this transformative transaction. Additionally, DISH has committed to the Federal Communications Commission that DISH will deploy a facilities-based 5G broadband network capable of serving 70 percent of the US population by June 2023, and has requested that its spectrum licenses be modified to reflect those commitments.
Following completion of the merger of Sprint and T-Mobile, DISH will:
Acquire Sprint´s prepaid businesses and customers, including Boost Mobile, Virgin Mobile and the Sprint-branded prepaid service.
Acquire 14 MHz of Sprint´s nationwide 800 MHz spectrum.
Access the New T-Mobile network for seven years, including the ability to serve DISH customers seamlessly between T-Mobile´s nationwide network and DISH´s new independent 5G broadband network.
DISH´s proposed asset acquisitions from Sprint are valued at approximately USD 5 billion, including a USD 1.4 billion purchase of Sprint´s prepaid businesses, and a USD 3.6 billion agreement to purchase Sprint´s nationwide 800 MHz wireless spectrum. The spectrum purchase is expected to be completed three years after the closing of the acquisition of the prepaid businesses.
The transactions are subject to customary conditions including the closing of the Sprint and T-Mobile merger, government approvals, and confirmation that DISH is able to provision customers on the New T-Mobile network. Closing is expected within three months following the completion of the Sprint and T-Mobile merger.
The prepaid businesses, including Boost Mobile, serve approximately 9.3 million customers in all 50 states and Puerto Rico. At close, Sprint´s prepaid businesses and customers will immediately move to DISH, as will the more than 400 employees and nationwide independent retail network that supports more than 7,500 retail outlets.
DISH will activate all new wireless customers on the New T-Mobile network. Existing prepaid customers will be supported on the Sprint legacy network and will eventually transition to the New T-Mobile network.
Sullivan & Cromwell LLP acted as lead legal counsel to DISH.
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. For company information, visit about.dish.com