(Reuters) -EchoStar (SATS) said it would sell a set of wireless spectrum licenses to SpaceX (SPAX.PVT) for about $2.6 billion in exchange for stock in the space startup, expanding on the $17 billion deal the companies struck in September. Shares of the telecommunications services company rose about 1% in premarket trading. The AWS-3 licenses cover…
Elon Musk‘s SpaceX has recently made a $17 billion deal to acquire a set of airwave licenses from EchoStar. This move is part of a plan to create a seamless mobile satellite network that will provide all the features of a regular cell phone service, even in remote areas. Such a service will help users…
SpaceX has agreed to acquire 50 MHz of wireless spectrum and mobile satellite service spectrum licenses from EchoStar for its Starlink satellite network. EchoStar will sell its AWS-4 and H-block spectrum licenses in exchange for $8.5 billion in cash and $8.5 billion in SpaceX stock. SpaceX said it would let it develop and deploy its…
In a wide-ranging video interview at the All-In Summit, the world’s richest man was asked about his intentions in the satellite-to-cell-phone space It’s going to take a couple years before a phone supports the spectrum that SpaceX is acquiring from EchoStar LightShed analysts said Musk’s point about not displacing carriers reinforces their view that SpaceX…
EchoStar has secured a financial lifeline from Elon Musk, whose SpaceX has agreed to pay $17 billion to acquire large amounts of its wireless spectrum. The parent company of Dish Network has been transitioning to wireless over the past few years as the pay-TV business continues to erode. Wrong-footed by fluctuating interest rates, it found…
Verizon is asking the FCC to waive its 60-day phone unlocking requirement Droves of public comments oppose the waiver, with consumers ratcheting up calls for more unlocked phones Law enforcement groups support Verizon’s request, but rivals like EchoStar say it makes sense for the rule to be applied uniformly to everyone Ask and ye shall…