
EchoStar stock surges as AT&T agrees to buy $23B of spectrum; deal may settle FCC probe and affect SpaceX
EchoStar said AT&T will buy $23 billion of its wireless spectrum, sending shares up about 80%. The company said the transaction should help resolve an FCC inquiry into its use of satellite and 5G licenses, including frequencies sought by SpaceX, with implications for competitive spectrum access.