DISH to acquire Republic Wireless
DISH Network Corporation announced its plan to acquire Republic Wireless, an MVNO on the T-Mobile network, acquiring approximately 200,000 customer relationships and the Republic brand. This acquisition aims to enhance DISH's retail wireless business, broadening its customer base and mobile solution offerings. Post-acquisition, Republic's Relay division will continue operating independently as a wholesale customer on DISH's 5G network. The deal is expected to close in the second quarter of 2021, pending regulatory approvals.
- Acquisition of approximately 200,000 customer relationships bolstering DISH's user base.
- Strategic expansion into the wireless market, enhancing DISH's portfolio of mobile solutions.
- None.
ENGLEWOOD, Colo., March 8, 2021 /PRNewswire/ -- DISH Network Corporation today announced its plans to acquire Republic Wireless, an MVNO service operating on the T-Mobile network. Upon close, DISH will assume approximately 200,000 customer relationships, the Republic Wireless brand and other supporting assets. Once acquired by DISH, Republic customers will not see any immediate changes to their experience or plans, and there is no need for customers to take action.
"Republic has created a loyal following and established a brand known for innovation, customer service and value. We plan to build upon that strong foundation," said John Swieringa, group president, Retail Wireless and DISH COO. "As we continue to grow our retail wireless business, Republic broadens our existing customer base and positions us to deliver even more value to the market, expanding our portfolio of mobile solutions to meet a variety of customer needs. We look forward to welcoming Republic customers to the DISH family."
After the acquisition closes, 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. Relay provides communication and productivity solutions for frontline teams in hospitality, facilities management, manufacturing, healthcare and education, and will remain headquartered in Raleigh, NC.
Republic was formed in 2011 with the goal of delivering "wireless service the way it should be." The business has become known for simple, affordable service with a customer-centric approach to support.
The transaction is subject to customary closing conditions, including regulatory approvals. It is expected to close in the second quarter of 2021. Upon close, Rob Currie, DISH senior vice president of Ting Mobile and MVNO platforms, will lead the Republic Wireless business.
About DISH
DISH Network Corporation is a connectivity company. Since 1980, it has served as a disruptive force, driving innovation and value on behalf of consumers. Through its subsidiaries, the company provides television entertainment and award-winning technology to millions of customers with its satellite DISH TV and streaming SLING TV services. In 2020, the company became a nationwide U.S. wireless carrier through the acquisition of Boost Mobile. DISH continues to innovate in wireless, building the nation's first cloud-native, Open RAN-based 5G broadband network. DISH Network Corporation (NASDAQ: DISH) is a Fortune 250 company.
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SOURCE DISH Network Corporation
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