Boost-founder, says it is willing to pay up to $2 billion to buy the brand from Sprint

FILE PHOTO: Peter Adderton, founder of Boost Mobile, speaks during an interview with CNBC on the floor of the New York Stock Exchange (NYSE) in New York, New York, USA, May 29, 2019. REUTERS/Brendan McDermid

(Ap) – the Boost Mobile founder Peter Adderton is willing to pay up to $2 billion to purchase the prepaid wireless brand of Sprint Corp’s (S. N), told Reuters on Monday, a significant premium to what the satellite-TV provider Dish Network (DISH.D) it was agreed to pay for the final Sprint, the entire prepaid wireless business.

U.S. regulators approved Sprint’s $26.5 billion merger with larger rival T-Mobile US Inc (TMUS.(O) in mid-July. As a sop to the regulators, the companies have agreed to sell to Sprint in the prepaid wireless business, including the Boost and Virgin Mobile brands, and a Dish for $1.4 billion, and to sell some wireless spectrum, or the airwaves that carry data, and a Dish for $3.6 billion.

The merger is still facing a lawsuit from the attorney general’s claims, the merger is bad for consumers.

T-Mobile and Sprint are currently re-negotiating the terms and conditions of the merger agreement, which was to expire on Nov. 1, with the ability to make the offer, Adderton said.

T-Mobile Chief Executive John Legere earlier this month, has declined to rule out applying for the $26 billion the price to be reduced as a result of the negotiations.

Since the merger between T-Mobile and Sprint, it was announced last year, Adderton has been outspoken on Twitter, and that the combination would harm lower-income consumers, who depend on prepaid phones that allows users to pay for mobile phone service at the beginning of the month, and are not required to submit to a credit check.

Adderton also the question of whether Dish’s commitment to the promotion of a Boost, if the satellite company got rid of its priorities is to build a next-generation 5G wireless network.

Adderton founded Boost Mobile in its native country of Australia, and sold her to a company in the u.s. to Nextel in 2004, which was later acquired by Sprint.

Report by Sheila Dang; Editing by Nick Zieminski

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