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EchoStar Shares Jump on Talks to Sell Spectrum to Verizon
Yahoo Finance· 2025-09-30 13:56
EchoStar Corp. shares jumped after news that the satellite-TV company is engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc. The talks involve EchoStar’s AWS-3 licenses, valuable for carrying 5G wireless signals, according to people familiar with the situation, who asked to not be identified because the discussions are private. Most Read from Bloomberg EchoStar put a carrying value of $9.8 billion on the spectrum, according to a regulatory filing. The company sold licen ...