Dish deal to acquire Boost from T-Mobile set to close on July 1

Satellite TV provider Dish Network looks set to close its $5 billion deal with the new T-Mobile on July 1, according to a new Form 8-K filed with the SEC by Dish. Under the deal, which allowed for the $26.5 billion merger between T-Mobile and Sprint on April 1, Dish is acquiring Sprint’s prepaid mobile carrier Boost Mobile as well as Sprint’s 800MHz wireless spectrum to help it build a 5G network.

The merge was only allowed by the Justice Department when Dish said it would acquire Sprint’s mobile assets to become a fourth carrier to compete with AT&T, Verizon and the new T-Mobile.

Dish is paying $1.4 billion for the prepaid businesses and $3.6 billion for the spectrum. “With the close of T-Mobile and Sprint, Dish is one step closer to becoming the nation’s fourth facilities-based wireless carrier,” Jeff Blum, Dish SVP, said in April. “We are eager to welcome Boost customers, employees and dealers.”

Blum added Dish is “committed to bringing full, standalone 5G to America.”