{"id":266358,"date":"2025-11-06T21:27:09","date_gmt":"2025-11-06T21:27:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/266358\/"},"modified":"2025-11-06T21:27:09","modified_gmt":"2025-11-06T21:27:09","slug":"echostar-takes-16-5-billion-charge-sells-more-spectrum","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/266358\/","title":{"rendered":"EchoStar Takes $16.5 Billion Charge, Sells More Spectrum"},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\"><a href=\"https:\/\/www.bloomberg.com\/quote\/SATS:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">EchoStar Corp.<\/a> reported a $16.5 billion impairment charge and agreed to sell more spectrum licenses to Elon Musk\u2019s <a href=\"https:\/\/www.bloomberg.com\/quote\/711339Z:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">SpaceX<\/a> for $2.6 billion as it works to unwind parts of its 5G wireless network.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The deal adds to a September agreement that the satellite TV and wireless company inked to sell SpaceX about <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-09-08\/starlink-is-said-in-advanced-talks-to-acquire-echostar-spectrum\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">$17 billion<\/a> in wireless spectrum. Between that sale and another to <a href=\"https:\/\/www.bloomberg.com\/quote\/T:US\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">AT&amp;T Inc.<\/a> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-08-26\/at-t-to-buy-echostar-spectrum-licenses-for-about-23-billion\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">for $23 billion<\/a>, which EchoStar brokered under pressure from federal regulators, the company has been forced to give up on becoming a fourth major US wireless carrier as <a href=\"https:\/\/blinks.bloomberg.com\/news\/stories\/T2A0OUGP9VCZ\" title=\"Click to view webpage.\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">originally envisioned<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"EchoStar Corp. reported a $16.5 billion impairment charge and agreed to sell more spectrum licenses to Elon Musk\u2019s&hellip;\n","protected":false},"author":2,"featured_media":266359,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[19412,7116,49,48,72637,7214,122784,23200,4721,122785,6641,66,306,61,19415],"class_list":["post-266358","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-5g-network","tag-att-inc","tag-ca","tag-canada","tag-charlie-ergen","tag-chief-executive-officer","tag-echostar-corp-a","tag-elon-reeve-musk","tag-federal-communications-commission","tag-hamid-akhavan","tag-mobile-phones","tag-science","tag-space","tag-technology","tag-wireless"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/266358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=266358"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/266358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/266359"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=266358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=266358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=266358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}