EchoStar Spectrum Sale as a Catalyst

26 days ago

Tom Keen / Paul Sweeney / Lisa Matteo (aggregated)

"Let's take a look at some stocks on the move today. ... their shares have been up as much as 8 percent. So sources saying, yes, it's in talks to sell some of their wireless spectrum to Verizon Communications. Echo Star, they've been trying to get out of bankruptcy ... The market's forcing him to sell it."

EchoStar is in discussions to sell additional wireless spectrum to Verizon amid ongoing bankruptcy restructuring and FCC investigations. The move, which has already resulted in an 8% rally, is seen as a forced but potentially catalytic measure to unlock asset value.

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