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Spectrum Sale

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technology3 months ago

EchoStar Advances Spectrum Deals Amid SpaceX Competition

EchoStar has met regulatory conditions to retain rights to its global S-band spectrum, which it is selling to SpaceX in a deal worth over $17 billion. This milestone allows SpaceX to use the spectrum to significantly boost its direct-to-device services, including its Starlink broadband constellation, with tests expected to start soon. The deal, pending FCC approval, marks a key step in expanding satellite-based connectivity, especially in rural areas.

via SpaceNews|
#echostar#regulatory-approval#spacex
business4 months ago

SpaceX's $17 Billion Spectrum Purchase from EchoStar Boosts Stock

EchoStar's stock surged 18% after selling spectrum to SpaceX for $17 billion, which will enhance Starlink's satellite network and benefit EchoStar's wireless business, while shares of AST SpaceMobile and Iridium declined. The deal includes SpaceX funding debt payments and developing next-generation satellites, potentially benefiting T-Mobile and impacting other satellite operators.

via Investor's Business Daily|
#business#echostar#spacex
business4 months ago

EchoStar Sells Spectrum and Partners with SpaceX

EchoStar is selling its AWS-4 and H-block spectrum licenses to SpaceX for approximately $17 billion, enabling SpaceX to develop next-generation Starlink Direct-To-Cell satellites and improve global coverage, while EchoStar uses the proceeds to reduce debt and fund growth. The deal includes a long-term commercial agreement allowing EchoStar's Boost Mobile customers to access SpaceX's satellite service, and is expected to resolve FCC inquiries.

via PR Newswire|
#business#echostar#spacex
business4 months ago

Major Spectrum Moves Signal Shifts in U.S. Wireless Market

A $23 billion spectrum sale from EchoStar to AT&T has revived speculation about a potential merger between satellite TV giants DirecTV and DISH Network, which could reshape the pay-TV industry amid ongoing cord-cutting trends. The deal provides DISH with liquidity and may facilitate a long-shelved merger, offering synergies and cost savings, though regulatory approval remains uncertain. The move signals a strategic recalibration for EchoStar, which is diversifying into broadband satellite services while navigating financial challenges.

via | Cord Cutters News|
#atandt#business#directv