DISH To Acquire Republic Wireless For Undisclosed Sum

DISH Network Corp (NASDAQ: DISH) announced its plans to acquire MVNO service operating on the T-Mobile US Inc (NASDAQ: TMUS) network Republic Wireless.
The financial terms of the transaction were not disclosed.
DISH will assume 0.2 million customer relationships, the Republic Wireless brand, and other supporting assets under the arrangement.
The existing Relay division of Republic Wireless will continue to operate as a standalone company and will become a wholesale customer on DISH’s 5G network under the arrangement.
Relay offers communication and productivity solutions for frontline teams in hospitality, facilities management, manufacturing, healthcare, and education.
Republic has become known for simple, reasonable service with a customer-centric approach to support.
DISH SVP of Ting Mobile and MVNO platforms Rob Currie will lead the Republic Wireless business.
DISH’s cash and cash equivalents amounted to $3.4 billion as of December 31, 2020.
Price action: DISH shares are up 3.93% at $35.14 on the last check Monday.

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