Tech industry
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6 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.
EchoStar ( NASDAQ:SATS ) is on a rocket ride today with shares soaring 17% higher in morning trading after announcing a $17 billion deal to sell a portion of its spectrum licenses to SpaceX. This follows a similar blockbuster $23 billion spectrum sale to AT&T ( ) just two weeks ago - fueling a staggering 163% stock surge in 14 days.