Imagine a world where staying connected with your loved ones, managing your business, or simply enjoying your favorite online content hinges on one crucial aspect – your mobile service provider.

For many of us, Boost Mobile has been that dependable bridge, connecting us to the wider world without the burden of hefty contracts and inflexible plans.

So, when whispers and worries start circulating about “Is Boost Mobile going out of business?” it’s more than just corporate news; it touches the lives of countless individuals who have come to rely on Boost Mobile’s services in their daily lives.

So, what’s the truth behind this speculation? Is Boost Mobile going out of business, really? Let’s take a closer look at what’s really happening behind the scenes at Boost Mobile.

Is Boost Mobile Going Out of Business?

To get straight to the question, as of now, there is no concrete evidence suggesting that Boost Mobile will go out of business in 2023. Despite rumors and speculations, particularly following Sprint’s decision to shut down its Boost Mobile service, Boost Mobile continues to operate.

This is crucial information for Boost Mobile customers, who rely on the company for affordable and reliable wireless service. However, the telecom space is ever-changing, so anything can happen at any time. But as of the time of writing this post, there are no official statements confirming that Boost Mobile is going out of business.

So, if you have always had concerns in your mind about the future of the company because of the buzz surrounding the speculation, ‘Is Boost Mobile going out of business?’ You should just rest your mind because the company is not going anywhere yet!

A Closer Look at Boost Mobile

Now that we know that Boost Mobile is not going out of business, let’s take a moment to dig deeper into the company to bring more answers to questions you might have in your mind concerning it. Let’s start with what the company is.

Boost Mobile, which was established in 2000 by Peter Adderton, is a recognizable name in the United States’ prepaid wireless service sector. Boost Mobile is owned by Dish Wireless after the company was bought out in 2020.

The company carved a niche for itself in the prepaid wireless service market by offering no-contract phones and plans. This approach sets it apart in an industry dominated by long-term contract plans.

Boost Mobile has been through various transitions, including the recent acquisition by Sprint and subsequent developments. These shifts have raised questions about its future, especially in the face of fierce competition from other providers like MetroPCS and Virgin Mobile.

Since its acquisition, there have always been concerns about the future of the company. In fact, the recent question circulating about the company also likely stems from the recent transitions happening at Boost Mobile.

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Who Owns Boost Mobile?

This is a topic that often causes controversy when people talk about Boost Mobile. So, we think we should address that, too.

Boost Mobile is currently under the ownership of Dish Wireless. This transition occurred on July 1, 2020, following the merger between Sprint and T-Mobile. As a part of this significant industry shift, Dish Wireless acquired Boost Mobile, marking a new chapter in its history.

The origins of Boost Mobile trace back to a joint venture initiated by Peter Adderton, Kirt McMaster, Craig Cooper, and Nextel Communications. Initially, it was acquired by Nextel in 2003. Following the merger between Sprint Corporation and Nextel in 2004, Boost Mobile became a part of Sprint.

This ownership continued until the merger between Sprint and T-Mobile, leading to Dish Wireless taking over. As of the third quarter of 2023, alongside its sister brands Boost Infinite, Ting Mobile, and Gen Mobile, Boost Mobile serves approximately 7.50 million customers, utilizing networks from Dish, T-Mobile, and AT&T to provide its services.

Why is Boost Mobile So Cheap?

Boost Mobile’s affordability stems from its operational model. Unlike larger carriers, Boost Mobile doesn’t maintain its own network infrastructure. Instead, it leverages networks from major carriers like AT&T, T-Mobile, or Dish. This strategy allows Boost to offer competitive pricing without the hefty costs associated with network maintenance and development.

The Ransomware Attack at Boost Mobile

In February 2023, Boost Mobile found itself at the center of a cyber crisis when Dish Network, its parent company, fell victim to a major ransomware attack.

This digital assault led to a series of internal disruptions, including service outages and data breaches, significantly impacting subsidiary companies like Boost Mobile.

Boost Mobile customers across the United States experienced considerable inconveniences due to this attack. Many reported being unable to reach customer service, process cancellations of their subscriptions, or make payments.

The extent of the disruption was profound, with service outages lasting over a month. The situation was further exacerbated by extended customer service wait times, which reportedly stretched beyond 14 hours, reflecting the severity of the incident. In fact, it was one of the main reasons people began to ask, ‘Is Boost Mobile going out of business?’ because it was kind of strange with the company.

It wasn’t until May 2023 that Boost Mobile was able to fully restore its services, marking the end of a challenging period for the company and its customers.

What About the Walgreen Deal?

Boost Mobile’s expansion into retail, particularly through a deal with Walgreens, marked a significant move in its retail strategy. And, of course, it’s something worth mentioning.

This deal, supplementing existing partnerships with retailers like Walmart and Best Buy, aimed to increase Boost Mobile’s visibility and accessibility. However, the effectiveness of this expansion is debated, as Walgreens stores typically do not specialize in selling or activating mobile services.

This move might not significantly impact Boost Mobile’s subscriber base but indicates ongoing efforts to maintain a retail presence. It shows a company that is trying every means to dominate the market rather than one that is on the brink of shutting down.

Is Boost Mobile Going Out of Business – Final Note

To bring all of this to a close, we need to remind you that Boost Mobile is not going out of business – at least as of the time of writing this.

While there are uncertainties and changes ahead for the company, especially with the Sprint-T-Mobile merger, it is clear that the company is not going out of business as of now.

The company continues to evolve through various mergers and partnerships. That is obviously not a characteristic of a company about to wave the white flag and bow out of the market. So, is Boost Mobile going out of business? The answer is a resounding no!

FAQs

Who Bought Boost Mobile in 2023?

In 2023, Dish Network owns Boost Mobile. This acquisition occurred as part of the conditions set for T-Mobile’s acquisition of Sprint. Dish Network, traditionally known for its satellite television services, entered the wireless market with this acquisition, marking a new chapter for Boost Mobile under its management.

Did Verizon Take Over Boost Mobile?

No, Verizon did not take over Boost Mobile. Boost Mobile was acquired by Dish Network. It’s a common misconception, possibly because of the multiple big players involved in the telecom industry’s mergers and acquisitions. Dish, not Verizon, is now at the helm of Boost Mobile.

Is Boost Mobile Switching to 5G?

Yes, Boost Mobile is transitioning to 5G. The company has been actively working on deploying its 5G network to provide its customers with faster speeds and improved connectivity. In regions where 5G is available, Boost Mobile customers can enjoy the benefits of this advanced technology.

Can I Buy a Phone from Apple and Use it on Boost Mobile?

Yes, this is possible, especially if the phone model is iPhone XS or later. These newer iPhone models support eSIM technology, which Boost Mobile accommodates.