EchoStar Set for Potential Cash Cow Deal with Verizon

26 days ago

Nathan Hager / Valerie Teitel

"Shares are trading higher by over 7% so far in pre-market trade. Bloomberg reported Verizon is in talks to purchase some of EchoStar's wireless spectrum, suggesting that the company could secure another cash cow deal."

EchoStar is experiencing a strong pre-market rally due to potential talks with Verizon to purchase valuable 5G spectrum licenses. The potential deal builds on past transactions where similar assets were sold above book value, indicating a promising short-term catalyst.

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