Dish Details Deal to Become Fourth National Carrier
Dish Network will pay $5 billion to buy significant Sprint assets in an attempt to create a new national 5G wireless network, in a deal brokered by the US Department of Justice to win approval for T-Mobile merging with Sprint. The deal includes $3.6 billion for licenses to 14 MHz of nationwide 800 MHz spectrum. For its new 5G network. Dish will use the new 800 MHz spectrum alongside 600 MHz, 700 MHz, and 1,700 MHz spectrum it already owns. Dish will also pay $1.4 billion to acquire Sprint's prepaid business, including Boost Mobile, Virgin Mobile, and Sprint Prepaid. That purchase includes 9.3 million customers and 400 employees. Dish has made a new commitment to the FCC that it will build its own 5G network capable of serving 70 percent of the US population by June 2023. Dish will pay a penalty of up to $2.2 billion if it fails to meet that deadline. Dish will have access to the new T-Mobile / Sprint network for seven years while it builds its own network. Dish will also lease T-Mobile some of its 600 MHz spectrum for several years to smooth the transition. Dish will also have the option to acquire certain tower, network equipment, and retail assets that will be decommissioned as part of the Sprint / T-Mobile integration process.
Feb 11, 2020
A multi-state anti-trust lawsuit to stop the merger of Sprint and T-Mobile has failed. New York Attorney General Letitia James issued a statement saying "There is no doubt that reducing the mobile market from four to three will be bad for consumers, bad for workers, and bad for innovation, which is why the states stepped up and led this lawsuit.
Jan 7, 2020
Sprint is shutting down its Virgin Mobile prepaid brand. Starting the week of February 2nd, Sprint will move current Virgin Mobile customers to Sprint's other prepaid brand, Boost Mobile.
Nov 7, 2019
T-Mobile today announced plans to offer three new programs offering 5G service for free to certain groups, or cheaply for everyone else. The company is promising to launch the programs when and if it is allowed to merge with Sprint.
T-Mobile has officially completed its merger with Sprint. For the moment, the merger has little effect on customers, but "Sprint" lives only as a brand of T-Mobile, not a separate company.
What are we gaining?
You're right that it's silly, though. The DoJ insists that having...