Brief: Echostar Agrees To Sell Full Unpaired AWS-3 Spectrum License Portfolio To SpaceX
06/11/2025 11:40
Nov 6 (Reuters) - EchoStar Corp SATS.O: ECHOSTAR AGREES TO SELL FULL UNPAIRED AWS-3 SPECTRUM LICENSE PORTFOLIO TO SPACEX ECHOSTAR : AGREEMENT WITH SPACEX TO SELL THE COMPANY'S UNPAIRED AWS-3 LICENSES FOR APPROXIMATELY $2.6 BILLION IN SPACEX STOCK VALUED AS OF SEPT 2025 ECHOSTAR CORP: CURRENT OPERATIONS OF ECHOSTAR'S DISH TV, SLING TV, BOOST MOBILE AND HUGHES WILL NOT BE IMPACTED BY THIS TRANSACTION ECHOSTAR CORP: CREATION OF A NEW DIVISION WITHIN ECHOSTAR TO BE NAMED ECHOSTAR CAPITAL ECHOSTAR CORP: CHARLES W. ERGEN, CHAIRMAN OF CO, HAS ACCEPTED HIS APPOINTMENT BY BOARD AS CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER ECHOSTAR CORP: HAMID AKHAVAN HAS ACCEPTED HIS APPOINTMENT BY BOARD AS CHIEF EXECUTIVE OFFICER, ECHOSTAR CAPITAL ECHOSTAR CORP: TOTAL CONSIDERATION INCREASED TO $19.61 BILLION WITH UP TO $11.11 BILLION TO BE PAID IN PURCHASER’S CLASS A COMMON STOCK AT $212/SHARE Source text: [ID:n0001415404-25-000049] Further company coverage: SATS.O ((Reuters.Briefs@thomsonreuters.com;))