EchoStar to Sell AWS-3 Spectrum Licenses to SpaceX for $2.6b (1)

(Adds details)

EchoStar has agreed to amend its definitive pact with SpaceX to sell the company’s unpaired AWS-3 licenses for $2.6b in SpaceX stock.

• Deal builds on the agreement the companies entered into in September
• Closing of deal will occur after all required regulatory approvals are received and other closing conditions are satisfied
• Current operations of EchoStar’s DISH TV, Sling TV, Boost Mobile and Hughes will not be impacted by this transaction
• EchoStar, SpaceX revised terms incl transfer of up to aggregate of 15 MHz of AWS spectrum in frequency range of 1695–1710 MHz
• As a result of change, the ...