Illustration by Alex Castro / The Verge
Dish Network is considering selling its Boost Mobile arm to a company called CONX Corporation, according to a filing with the SEC, spotted by Light Reading. The rub is that CONX is a “company” founded by Charlie Ergen — co-founder and current chairman of Dish Network itself.
The filing from CONX (no, I won’t get tired of typing that) says that its far from a done deal, informing investors that “no assurances can be made that the parties [it and Dish] will successfully negotiate and enter into a definitive agreement.” And while that’s true for most merger discussions, the fact that Ergen is a higher-up at both companies could help those negotiations go a bit more smoothly.
Why start a new carrier when your other company has already…
