BUZZ-US telecom stocks dip after Echostar-SpaceX spectrum licenses deal
Shares of U.S. telecom companies dip premarket after satellite communications provider Echostaragrees to sell spectrum licenses to SpaceX for $17 billionDeal comes months after U.S. FCC probe about Echostar’s underutilization of assets for 5G service expansionAT&Tdown 4.5%, Verizondown 3.9% and T-Mobiledown 5.1% premarketEchostar shares up 19.7% at $80.50Up to last close SATS up 193.6% YTD, T up about 30%, TMUS up 14.5% and VZ up about 11%
Shares of U.S. telecom companies dip premarket after satellite communications provider Echostar (SATS.O) agrees to sell spectrum licenses to SpaceX for $17 billion
Deal comes months after U.S. FCC probe about Echostar’s underutilization of assets for 5G service expansion
AT&T (T.N) down 4.5%, Verizon (VZ.N) down 3.9% and T-Mobile (TMUS.O) down 5.1% premarket
Echostar shares up 19.7% at $80.50
Up to last close SATS up 193.6% YTD, T up about 30%, TMUS up 14.5% and VZ up about 11%
