After nearly a decade of trying to break into the wireless market, Dish just became the newest national wireless carrier. Today, Dish announced the $1.4 billion acquisition of Boost Mobile. With this purchase, Dish secures its place in the retail wireless market and will serve more than nine million customers.
The deal is the result of T-Mobile’s Sprint merger. In order to gain FCC approval and quell fears that the merger would hurt competition, T-Mobile and Sprint agreed to several demands, including divesting Boost Mobile, one of Sprint’s prepaid brands. Rumors circulated last year that Dish would buy Boost for $6 billion. Obviously, the final price is nowhere near that amount.