EchoStar climbs on report Verizon in talks to buy co's wireless spectrum

EchoStar

30/09/2025 14:56

Updates

** Shares of telecommunications services firm EchoStar SATS.O rise 4.2% to $76.74

**
Report says Verizon Communications VZ.N in talks to buy co's wireless spectrum

** Verizon in discussion to buy SATS AWS-3 licenses, which help carry 5G wireless signal, Bloomberg News reported on Monday

** Verizon stock up 0.5%

** If the deal is completed, Verizon to join AT&T T.N and Elon Musk's SpaceX to buy SATS wireless spectrum licenses

** According to SATS' regulatory filing, co values AWS-3 spectrum at a "carrying amount" of $9.8 billion

** Including session's move, SATS has more than tripled in value, YTD

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com;))