EchoStar Takes $16.5 Billion Charge, Sells More Spectrum

Nov 6, 2025 - 12:00
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EchoStar Takes $16.5 Billion Charge, Sells More Spectrum
EchoStar Corp. reported a $16.5 billion impairment charge and agreed to sell more spectrum licenses to Elon Musk’s SpaceX for $2.6 billion as it works to unwind parts of its 5G wireless network.

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