EchoStar jumps after report Trump urged EchoStar, FCC chair to cut a deal on spectrum

ReutersJun 16, 2025 9:28 AM

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EchoStar shares SATS.O up 49.5% at $25.18 premarket

U.S. President Donald Trump urged EchoStar Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company's wireless spectrum licenses, Bloomberg News reported late on Friday

EchoStar has been trying to shield its cache of wireless spectrum licenses from the threat of revocation by the FCC

Company has previously disclosed that it missed roughly $500 million in interest payments, citing uncertainty around the ongoing FCC review

Stock down ~27% YTD

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