Telecom service provider EchoStar soared nearly 50% as reports suggest Trump urged the company to reach an agreement with the FCC regarding licenses

AASTOCKS
2025.06.16 17:59

Telecommunications service company EchoStar (SATS.US) saw its stock price soar 48% on Monday, following reports that U.S. President Donald Trump urged EchoStar Chairman Charlie Ergen and Federal Communications Commission (FCC) Chairman Brendan Carr to reach an agreement regarding the company's wireless spectrum licenses.

The FCC informed EchoStar in May that it was investigating the company's compliance in providing 5G services in the United States

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