Overview
- Bloomberg reported private discussions covering EchoStar’s AWS-3 licenses used for 5G, citing people familiar with the talks.
- EchoStar lists its AWS-3 holdings at about $9.8 billion in regulatory filings, though any sale price remains unspecified.
- Shares rose in Tuesday trading after the report, extending a year-to-date surge tied to asset sales.
- EchoStar recently agreed to sell major spectrum blocks to AT&T for about $23 billion and to SpaceX for roughly $17 billion to strengthen its balance sheet and address an FCC probe on deployment.
- CEO Hamid Akhavan has said the company no longer plans a full nationwide network and is open to further monetization, with another AWS-3 portion slated for a federal auction next year.