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Two Companies Interested in Acquiring Boost Mobile

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A couple of weeks ago, reports surfaced suggesting that T-Mobile and Sprint could sell their prepaid businesses as a way of gaining approval for their proposed merger.

The report suggested that prepaid brands like Boost Mobile, Virgin Mobile, and Metro by T-Mobile could be sold off so that the likelihood of the proposed merger could be increased. Now, it looks like Boost Mobile founder Peter Adderton isn't the only individual interested in acquiring the business.

Q Link Wireless founder and CEO Issa Asad has recently shown interest in acquiring the prepaid business. The executive shared that Boost Mobile would fit perfectly with Q Link, especially since it is the largest MVNO customer of Sprint and third biggest Lifeline operator after Tracfone and Assurance Wireless.

The report surfaced last Friday when the Department of Justice (DoJ) revealed the merger could get an approval from the government agency. Ajit Pai, FCC Chairman, also announced that he would support the merger once certain conditions were met. Among those conditions include 5G buildout in rural areas, along with the sale of the Boost business.

Shortly after the report, DoJ staff was once again reported to be having some concerns on how the merger would cut down customers' options from four carriers to just three. Unnamed sources also published reports that Pai had consulted with the DoJ's antitrust division head, Makan Delrahim. The reports show that Delrahim may overrule a DoJ recommendation to block the deal.

Ever since news about the proposed merger broke, Adderton has been voicing out his opinions and disapproval of the merger. Adderton founded Boost Mobile and sold it before it became a Sprint prepaid brand. He has since shown interest to re-acquire the brand in the hopes of turning it into a global brand.

Asad shares that Q Link is "the right fit" for Boost, especially since their platforms and systems are compatible with Sprint. The CEO believes they could "do something very good with it."




Source: Fierce Wireless

5 comments:

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  1. Hoping Q doesn't get it. If they change the Boost plans to the only one I could see, it would be terrible. Hoping Adderton gets it.

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    1. I also pondered this. It is not hard to understand Q's play, but do we know anything about how aggressive Adderton would be?

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  2. Don't forget Virgin, and Metro. Eyes are on those as well.

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    1. Now talk of a fourth network. Maybe an Altice factor as well?

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  3. Dept of Justice should want Sprint to sell both Boost and Virgin Mobile. Not just Boost.
    These were bought by Sprint trying to capture instate market share in their original plans and business efforts. They should be able to add these prepaid companies into a merger with T-Mobile.

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