U.S.-based satellite communications provider EchoStar has agreed to sell spectrum licences worth approximately $17 billion to SpaceX.
The deal covers all of EchoStar’s AWS-4 and H-block spectrum licences.
Under the agreement, up to $8.5 billion will be paid in cash, with a further $8.5 billion in SpaceX stock. The deal also includes provisions for SpaceX to fund around $2 billion in interest payments on EchoStar debt through November 2027.
The transaction will establish a long-term commercial partnership, enabling EchoStar’s Boost Mobile subscribers to access SpaceX’s “next-generation” Starlink Direct to Cell service via its cloud-native 5G core.
EchoStar CEO Hamid Akhavan said the agreement “continues our legacy of putting the customer first, combining EchoStar’s spectrum with SpaceX’s rocket and satellite capabilities to deliver direct-to-cell services in a more innovative, economical and faster way globally.”
In wireless communications, spectrum refers to the range of radio frequencies that support telephone, internet, and satellite services.
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The Orenburg gas processing plant, the world's largest facility of its kind, has been forced to halt its intake of gas from Kazakhstan following a Ukrainian drone strike, according to Kazakhstan's energy ministry.
Israel launched air strikes and artillery fire on Gaza on Sunday, in what officials called a response to militant attacks, as the U.S.-mediated ceasefire came under renewed strain.
This September, I had a chance to visit Yerevan for the 108th edition of the Rose-Roth seminar, traditionally held by the NATO Parliamentary Assembly since 1990 and intended for post-socialist countries.
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A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
In the first nine months of this year, 10.2 billion cubic metres of gas were produced from the Azeri-Chirag-Gunashli (ACG) block in the Azerbaijani sector of the Caspian Sea, according to operational data released by the Ministry of Energy.
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Wall Street closed lower on Thursday as renewed concerns about regional banks and intensifying U.S.-China trade tensions weighed on investor sentiment, pulling major indexes off recent record highs.
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