EchoStar shares rise, telecom rivals' stock slips on report
2Nov 2 5:36 AM · 11d ago · 1 article · 1 source · development 2 of 3
EchoStar shares rose about 3.4% in premarket trading on the report, while T-Mobile slipped 2% and AT&T and Verizon also edged lower as investors assessed the threat of a new satellite-powered wireless competitor.
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“SpaceX is in talks to buy EchoStar's wireless service Boost Mobile or gain access to its network, which it leases from AT&T and T-mobile, the Washington Post reported on Monday.”
Reuters, wire service citing Washington Post · rss ↗
Elon MuskCEO of SpaceXCharlie ErgenEchoStar chairmanSpaceXRocket and satellite company pursuing wireless expansionEchoStarOwner of Boost Mobile and Gen Mobile wireless brands
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