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fromTelecompetitor
2 weeks ago

EchoStar Sells Spectrum to SpaceX in $17B Deal

EchoStar is selling its AWS-4 and H-block spectrum licenses for approximately $17 billion to SpaceX, the company announced today. Space X will pay about half of the amount in cash and the remainder in company stock under the agreement, which also provides for SpaceX to fund an aggregate of approximately $2 billion of cash interest payments payable on EchoStar debt through November of 2027.
Business
US politics
fromThe Verge
4 weeks ago

The Trump administration promised a fourth wireless carrier - America got a hot mess instead

Dish Network selling $23 billion in spectrum to AT&T ends any realistic chance of Dish becoming a major wireless competitor.
Business
fromTheregister
4 weeks ago

EchoStar sells off its spectrum for more than its market cap

EchoStar sold its US spectrum allocation to AT&T for $23 billion, becoming a smaller ISP and transitioning into a hybrid mobile network operator.
Business
fromThe Verge
1 month ago

Dish gives up on becoming the fourth major carrier

EchoStar is selling $23 billion of 5G spectrum licenses to AT&T, and Boost Mobile will primarily operate on AT&T's network, weakening Dish as the fourth carrier.
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