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You are here: Home / Business / Issa Asad’s play for Boost Mobile could boost jobs in South Florida

Issa Asad’s play for Boost Mobile could boost jobs in South Florida

Posted on May 31, 2019

Issa Asad, Founder and CEO of Fort Lauderdale-based Q Link Wireless, has announced plans to acquire Boost Mobile for as much as $3 billion. Q Link Wireless already has more than 2 million customers in 30 states through the federally-subsidized Lifeline program. The addition of Boost Mobile could add as many as 8 million more customers and would likely bring hundreds of new jobs to Broward County.

Issa Asad of Q Link Wireless in Florida

Issa Asad, CEO of Q Link Wireless and Hello Mobile

Boost Mobile may go up for sale as part of a $26 billion merger between T-Mobile US and Sprint, to reduce the market share of the newly-combined company. The T-Mobile-Sprint deal was approved by the Federal Communications Commission and awaits review by the U.S. Department of Justice.

Asad’s prepaid brand Q Link Wireless is the third-largest provider of federally assisted wireless plans, and he is well positioned to acquire Boost Mobile. He is putting together a package with private equity backing and could offer between $1.8 billion and $3 billion for the prepaid wireless brand.

Last month Asad launched Hello Mobile, a new prepaid wireless phone company designed to bring connectivity to populations who have been historically isolated, particularly those living in rural areas. Hello Mobile and Q Link Wireless are part of Asad’s Quadrant Holdings, headquartered in Dania Beach.

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Filed Under: Business Tagged With: Boost Mobile, Issa Asad

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