Tech industry
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23 hours agoFCC approves AT&T and Starlink purchases of EchoStar spectrum
FCC approved EchoStar spectrum sales to AT&T and Starlink to accelerate internet speeds, strengthen competition, and bolster rural service.
As with its previous spectrum license deal with AT&T, EchoStar's spectrum license deal with SpaceX will primarily see the company getting boatloads of cash. SpaceX is offering EchoStar a total compensation of $17 billion for its spectrum licenses. Of that, $8.5 billion will be in cash and another $8.5 billion will be in SpaceX shares, which are currently only available privately.