Echostar Sells More Spectrum to SpaceX

Echostar Sells More Spectrum to SpaceX

EchoStar has sold its unpaired AWS-3 spectrum licenses to SpaceX for about $2.6 billion in stock. This follows a prior deal for $17 billion transaction for AWS-4 and H block. Echostar also announced a financial recognition of $16.5 billion impairment on 5G assets and a $3.9 billion net loss…
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