EchoStar, a provider of satellite services, has entered into a licensing agreement with SpaceX for approximately $17 billion in spectrum rights. The deal, finalized months following regulatory scrutiny, will allow SpaceX to utilize EchoStar’s spectrum for its 5G network expansion within the United States. The Federal Communications Commission has expressed concerns regarding EchoStar’s compliance with existing buildout regulations and mobile satellite service obligations. The agreement marks a significant strategic partnership for both parties.
Friday, September 12
