DISH To Acquire Republic Wireless For Undisclosed Sum

  • DISH Network Corp (NASDAQ: DISHannounced 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: M&ANewsTechMedia5G
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!