EchoStar climbs on report Verizon in talks to buy co's wireless spectrum

ReutersSep 30, 2025 1:56 PM

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Shares of telecommunications services firm EchoStar SATS.O rise 4.2% to $76.74

Report says Verizon Communications VZ.N in talks to buy co's wireless spectrum

Verizon in discussion to buy SATS AWS-3 licenses, which help carry 5G wireless signal, Bloomberg News reported on Monday

Verizon stock up 0.5%

If the deal is completed, Verizon to join AT&T T.N and Elon Musk's SpaceX to buy SATS wireless spectrum licenses

According to SATS' regulatory filing, co values AWS-3 spectrum at a "carrying amount" of $9.8 billion

Including session's move, SATS has more than tripled in value, YTD

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