T-Mobile, Sprint will auction Boost if DISH talks fail

21 Jun 2019

Despite holding advanced talks with satellite TV giant DISH Network over the regulator-mandated sale of pre-paid provider Boost Mobile, T-Mobile US and Sprint have formulated a back-up plan to ensure a timely sale, sources have informed Reuters. Goldman Sachs – which is advising the companies on the divestment – is planning to contact prospective buyers within the next two weeks, with a view to soliciting interest in an auction of the unit. However, a second source told the news agency that the sale is moving so slowly because the investment bank has not actually been informed of the precise assets that have been put up for sale.

As previously reported by TeleGeography’s CommsUpdate, the Federal Communications Commission (FCC) gave the USD26 billion merger between T-Mobile US and Sprint its approval last month, on the proviso that the enlarged entity divested Boost – a sub-brand owned by Sprint.

United States, Boost Mobile (US), DISH Network, Sprint Corporation, T-Mobile US