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Agreed. But, that just moves the question one step further uphill. If STS Media (FreedomPop's owner) is serious about buying Boost, why would they offload their entire existing customer base instead of having Boost absorb them? (Especially the CDMA customers.) Any analysis of customer acquisition costs should indicate that customer acquisition would have approximately the same value to a New Boost as it does to Red Pocket or Ting, wouldn't it?.
Perhaps cash flow, needing to demonstrate to their Boost investors that it's not a bottomless pit, or because they need cash to finance their part of any consortium to purchase Boost.
Or perhaps because FreedomPop has deemed their own customers a poor fit for a more traditional prepaid business.
Or perhaps that STS Media is less serious, or less optimistic, about acquiring Boost, and is just taking the opportunity to cash out of FreedomPop/Unreal.