DISH announced yesterday that they have signed a long-term strategic Network Services Agreement with AT&T. The agreement will make AT&T the primary network that DISH brands will operate on. Brands such as Boost Mobile, Ting Mobile, and Replublic Wireless. The deal valued at $5B (paid over a ten year term) was disclosed in their 8-K filing with the SEC.
DISH stated they are committed to competing in the wireless market as the fourth largest wireless carrier (behind Verizon, AT&T, and T-Mobile). At Airwave Advisors we are reviewing many new DISH lease agreements for clients, which communicates to us that even with this AT&T agreement in play, DISH will continue to build out their own network. The goal for DISH (which is very ambitious) is to have a 5G network in place to reach 70% of the US population by 2023.
Analysts believe the move by DISH is to secure more favorable business terms for the use of a major network while getting out from underneath the thumb of T-Mobile.
About Nick G. Foster
Since founding Airwave Advisors® in 2014, Mr. Foster has added value to over 400 clients ranging from the State of Nevada, City of Beverly Hills, to Habitat For Humanity. Mr. Foster focuses on cell tower lease renewals, buyouts, new lease negotiation, and cell site lease management. Prior to starting Airwave Advisors® Mr. Foster founded and led the Cell Site Services Group within nationwide commercial real estate services leader Cassidy Turley (now known as Cushman & Wakefield).