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 United States has proposed a potential new format for peace talks between Ukraine and Russia, which could include American and European representatives, Ukrainian President Volodymyr Zelenskyy said on Saturday, December 20.
Pakistani President Asif Ali Zardari arrived in Baghdad on Saturday evening for an official visit, the Pakistani Foreign Ministry confirmed.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
The death toll from Hong Kong’s deadliest fire in decades has risen to 161, after forensic analysis confirmed one more victim among the charred remains at Wang Fuk Court in Tai Po, more than three weeks after the blaze began, authorities said on Saturday.
Israeli Prime Minister Benjamin Netanyahu is set to meet President Donald Trump on 29 December in Florida, where he is expected to present a package of military options regarding Iran, Israel’s public broadcaster KAN reported on Saturday.
Thousands of Bulgarians took to the streets on Thursday evening to protest against the outgoing government, demanding fair elections and judicial reforms to address what they describe as widespread corruption.
The United States has suspended the Diversity Visa Lottery programme, commonly known as the Green Card lottery, after a deadly shooting at Brown University.
US intelligence assessments indicate that Russian President Vladimir Putin continues to seek full control of Ukraine and to expand Russia’s influence in parts of Europe formerly under Soviet rule, contradicting repeated claims that Moscow poses no threat to the continent.
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