EchoStar offloads satellite spectrum to SpaceX for $17 billion
SMRTR summary
EchoStar is selling wireless spectrum licenses to SpaceX for $17 billion, allowing SpaceX to enhance Starlink's cellular satellite service. The deal, along with a $23 billion spectrum sale to AT&T, resolves an FCC investigation sparked by SpaceX's complaint that EchoStar "barely uses" its spectrum. Boost Mobile customers will gain access to the new satellite service as part of the agreement.
SMRTR provides this summary for quick context. The original article belongs to The Verge.
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