T-Mobile/Sprint could sell Boost Mobile for as much as USD 3bn
Potential suitors are readying their offers for Boost Mobile, an Irvine, California-based prepaid wireless phone company, of up to USD 3bn, according to a newswire.
Q Link Wireless, a prepaid phone carrier, and Peter Adderton, Boost's founder, told Reuters they are interested in Boost.
Q Link Wireless, in tandem with private equity, is assembling a bid of USD 1.8bn to USD 3bn, Q Link CEO Issa Asad said. Adderton would not quote a valuation.
Stephen Stokols, FreedomPop CEO, is working with a private equity firm that values Boost at USD 4bn. Cowen Inc analysts gave Boost a USD 4.5bn valuation if a deal included wireless spectrum, facilities and 7 million to 8 million customers.
The US Federal Communications Commission approved the USD 26bn Sprint and T-Mobile merger last week on the proviso the carriers agree to concessions including the divestment of Boost Mobile. The merger still needs US Department of Justice approval.
The story is here