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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Iran accuses the United States of breaching a ceasefire after an alleged attack on a commercial ship in the Gulf of Oman, vowing retaliation, after President Donald Trump said U.S. forces seized and disabled a vessel trying to bypass the blockade.
A coalition led by a pro-Russian Eurosceptic was on track to form Bulgaria’s next government preliminary results from the Balkan nation’s parliamentary elections showed on Monday (20 April).
Pope Leo XIV has urged Angolans to move beyond decades of division, as tens of thousands gathered for Mass and prayers during his visit to the country. Speaking to large crowds near Luanda on Sunday (19 April), the pope described Angola as a “beautiful yet wounded country”.
Concerns grew on Monday (20 April) that the ceasefire between the U.S. and Iran, due to expire on Tuesday, might not hold after Washington’s Navy seized an Iranian cargo ship that tried to run its blockade of Iranian ports, with Tehran vowing to retaliate.
Dozens of Chinese-made humanoid robots have demonstrated improvements in speed, balance and autonomous navigation after completing a half-marathon in Beijing on Sunday (19 April), in a showcase of the country’s fast-developing robotics sector.
The U.S. Navy has forcibly intercepted and boarded the Iranian cargo ship TOUSKA in the Gulf of Oman after it attempted to breach the ongoing naval blockade. President Trump confirmed that the vessel was neutralised and seized by Marines following a direct strike on its engine room.
Two Indian-flagged ships were shot at in the Strait of Hormuz on Saturday, India's Foreign Ministry said, as Iran closed the Strait of Hormuz again, less than 24 hours after reopening the 167km long sea passage, which is essential for global trade.
Six people have been killed after a man opened fire in a supermarket in the Ukrainian capital, Kyiv, on Saturday (18 April). Ukraine's Security Service said it was investigating the incident as a "terrorist act."
Global leaders and diplomats gathered in southern Türkiye on 17 April for the fifth Antalya Diplomacy Forum, focusing on uncertainty, conflict, and the future of global cooperation.
Netflix shares fell sharply on Friday after the streaming group issued a weaker-than-expected outlook and said chairman and co-founder Reed Hastings will step down from the board.
The Middle East crisis is reshaping transport choices worldwide, turning electric vehicles from a long-term climate goal into an immediate economic calculation.
China’s export growth slowed sharply in March, as the fallout from the Middle East conflict pushed up energy and shipping costs, weakening global demand and exposing risks in Beijing’s reliance on manufacturing to drive growth.
A French fashion label is placing China at the heart of its global ambitions, choosing Shanghai for its worldwide debut in a move that shows growing confidence in the country’s consumer market and cultural influence.
Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with many of the reductions expected to affect its marketing division, The Wall Street Journal reported on Wednesday, citing sources familiar with the plans.
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