SPAC backed by Dish Network chairman in talks to buy wireless business unit

Oct 12 (Reuters) – CONX Corp (CONX.O), the blank-check company backed by Dish Network Corp (DISH.O) Chairman Charles Ergen, said on Wednesday it had begun preliminary discussions to buy Dish’s retail wireless unit Boost. Mobile.

The special purpose acquisition company (SPAC) said it will appoint a special committee of independent and disinterested directors to evaluate and approve the terms of any deals with pay-TV and wireless operators.

Dish confirmed it is in preliminary talks with CONX. “We do not intend to provide further updates unless and until these discussions lead to a deal,” a company spokesman said in an email to Reuters.

Dish acquired Boost Mobile in 2020 as part of a merger between T-Mobile (TMUS.O) and Sprint after the two companies agreed to divest some assets, including some wireless spectrum, to create a new wireless more

CONX is also asking its shareholders to vote in favor of a proposal that puts the date on which it must complete its business combination with Boost Mobile from November 3, 2022 to June 3, 2023. A special meeting of its shareholders will be held on October 3. 31, it added.

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Reporting by Akanksha Khushi in Bengaluru; Additional reporting by Baranjot Kaur Editing by Subhranshu Sahu

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