EchoStar sells spectrum to SpaceX; quits LEO plan
It seems that Charlie Ergen and EchoStar have decided to trim – if not exit – the satellite direct-to-consumer market. It is selling its AWS-4 and H-Block licences (c. 50MHz of spectrum) to SpaceX for $17 billion (€14.5bn), with up to $8.5 billion in cash and $8.5 billion in Starlink equity. SpaceX will also assume […]