#starlink-direct-to-cell
#starlink-direct-to-cell
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fromTelecompetitor
4 days agoEchoStar 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
fromFast Company
5 days agoEchoStar stock is soaring again: Spectrum deal with SpaceX pushes Dish Network parent sky high
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.
Business
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