{"id":247422,"date":"2025-11-06T14:03:09","date_gmt":"2025-11-06T14:03:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/247422\/"},"modified":"2025-11-06T14:03:09","modified_gmt":"2025-11-06T14:03:09","slug":"echostar-takes-16-5-billion-5g-hit-sells-spacex-more-spectrum","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/247422\/","title":{"rendered":"EchoStar Takes $16.5 Billion 5G Hit, Sells SpaceX 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 buildout.<\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody__3UcBa\" data-component=\"paragraph\">The non-cash charge was linked to portions of its 5G network that won\u2019t be used following the sale of spectrum to AT&amp;T Inc. and SpaceX, EchoStar said in its third-quarter earnings <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T5AYM0OW0PAE\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">statementBloomberg Terminal<\/a> Thursday. The satellite-TV and telecommunications company also amended a $17 billion September deal with SpaceX to include more licenses for an additional $2.6 billion, it said in a separate <a href=\"https:\/\/www.bloomberg.com\/news\/terminal\/T5AXZJWZEQDC\" class=\"media-ui-Link_link-tVkXhPLPofs- whitespace-normal\" target=\"_blank\" rel=\"noopener nofollow\" data-component=\"link\">statementBloomberg Terminal<\/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":247423,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[56850,42280,460,12055,103485,63495,41222,80,394,90,416,86,56,54,55,26948],"class_list":["post-247422","post","type-post","status-publish","format-standard","has-post-thumbnail","category-space","tag-5g-network","tag-att-inc","tag-debt","tag-earnings","tag-echostar-corp-a","tag-elon-reeve-musk","tag-federal-communications-commission","tag-government","tag-new-york","tag-science","tag-space","tag-technology","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-wireless"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/247422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=247422"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/247422\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/247423"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=247422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=247422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=247422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}