/C O R R E C T I O N -- EchoStar Corporation/
EchoStar Corporation (NASDAQ:SATS) has announced a significant deal with SpaceX, agreeing to sell its AWS-4 and H-block spectrum licenses for approximately $17 billion. The transaction includes up to $8.5 billion in cash and up to $8.5 billion in SpaceX stock. Additionally, SpaceX will fund about $2 billion in cash interest payments on EchoStar's debt through November 2027.
The deal includes a long-term commercial agreement enabling EchoStar's Boost Mobile subscribers to access SpaceX's next-generation Starlink Direct-to-Cell service. SpaceX plans to use the spectrum to develop and deploy an enhanced Starlink Direct-To-Cell constellation, aiming to eliminate mobile dead zones globally.
The transaction proceeds will be used for debt retirement and funding EchoStar's operations and growth initiatives, with no impact on current DISH TV, Sling, and Hughes operations.
EchoStar Corporation (NASDAQ:SATS) ha annunciato un corposo accordo con SpaceX, cedendo le licenze spettro AWS-4 e H-block per circa $17 miliardi. L'operazione prevede fino a $8,5 miliardi in contanti e fino a $8,5 miliardi in azioni SpaceX. Inoltre, SpaceX coprirà circa $2 miliardi in pagamenti di interessi in contanti sul debito di EchoStar fino a novembre 2027.
Il contratto comprende anche un accordo commerciale di lungo termine che consentirà agli abbonati Boost Mobile di EchoStar di accedere al servizio Starlink Direct-to-Cell di nuova generazione di SpaceX. SpaceX utilizzerà lo spettro per sviluppare e schierare una costellazione Starlink Direct-To-Cell potenziata, con l'obiettivo di eliminare le zone morte mobili a livello globale.
I proventi della transazione serviranno a estinguere debiti e a finanziare le attività operative e le iniziative di crescita di EchoStar, senza impatti sulle attuali attività di DISH TV, Sling e Hughes.
EchoStar Corporation (NASDAQ:SATS) ha anunciado un acuerdo importante con SpaceX, vendiendo sus licencias de espectro AWS-4 y H-block por aproximadamente $17 mil millones. La operación incluye hasta $8.5 mil millones en efectivo y hasta $8.5 mil millones en acciones de SpaceX. Además, SpaceX financiará alrededor de $2 mil millones en pagos de intereses en efectivo sobre la deuda de EchoStar hasta noviembre de 2027.
El acuerdo también contempla un contrato comercial a largo plazo que permitirá a los suscriptores de Boost Mobile de EchoStar acceder al servicio Starlink Direct-to-Cell de nueva generación de SpaceX. SpaceX planea usar el espectro para desarrollar y desplegar una constelación mejorada de Starlink Direct-To-Cell, con el objetivo de eliminar las zonas sin cobertura móvil a nivel mundial.
Los ingresos de la transacción se destinarán a pagar deuda y a financiar las operaciones y las iniciativas de crecimiento de EchoStar, sin afectar las operaciones actuales de DISH TV, Sling y Hughes.
EchoStar Corporation (NASDAQ:SATS)는 SpaceX와의 대규모 계약을 발표했으며, AWS-4 및 H-블록 스펙트럼 라이선스를 약 $170억에 매각하기로 했습니다. 거래 대금은 최대 $85억 현금 및 최대 $85억 SpaceX 주식으로 구성됩니다. 또한 SpaceX는 2027년 11월까지 EchoStar의 부채에 대한 약 $20억의 현금 이자 지급을 지원합니다.
이번 계약에는 EchoStar의 Boost Mobile 가입자들이 SpaceX의 차세대 Starlink Direct-to-Cell 서비스를 이용할 수 있도록 하는 장기 상업 협약도 포함되어 있습니다. SpaceX는 이 스펙트럼을 활용해 강화된 Starlink Direct-To-Cell 위성군을 개발·배치해 전 세계 모바일 사각지대를 해소하는 것을 목표로 합니다.
거래 수익금은 부채 상환과 EchoStar의 운영 및 성장 계획 자금으로 사용되며, 현재의 DISH TV, Sling 및 Hughes 운영에는 영향을 미치지 않습니다.
EchoStar Corporation (NASDAQ:SATS) a annoncé un accord majeur avec SpaceX, cédant ses licences spectrales AWS-4 et H-block pour environ 17 milliards de dollars. La transaction comprend jusqu'à 8,5 milliards de dollars en numéraire et jusqu'à 8,5 milliards de dollars en actions SpaceX. De plus, SpaceX financera environ 2 milliards de dollars de paiements d'intérêts en numéraire sur la dette d'EchoStar jusqu'en novembre 2027.
L'accord inclut également un contrat commercial à long terme permettant aux abonnés Boost Mobile d'EchoStar d'accéder au service Starlink Direct-to-Cell de nouvelle génération de SpaceX. SpaceX prévoit d'utiliser le spectre pour développer et déployer une constellation Starlink Direct-To-Cell améliorée, visant à éliminer les zones blanches mobiles à l'échelle mondiale.
Le produit de la transaction servira à rembourser la dette et à financer les opérations et les initiatives de croissance d'EchoStar, sans impact sur les activités actuelles de DISH TV, Sling et Hughes.
EchoStar Corporation (NASDAQ:SATS) hat einen bedeutenden Vertrag mit SpaceX bekanntgegeben und verkauft seine AWS-4- und H-Block-Frequenzlizenzen für rund $17 Milliarden. Die Transaktion umfasst bis zu $8,5 Milliarden in bar und bis zu $8,5 Milliarden in SpaceX-Aktien. Zudem wird SpaceX rund $2 Milliarden an Barzinszahlungen auf EchoStars Schulden bis November 2027 übernehmen.
Der Deal beinhaltet außerdem eine langfristige kommerzielle Vereinbarung, die es EchoStars Boost Mobile-Kunden ermöglicht, den neuen Starlink Direct-to-Cell-Dienst von SpaceX zu nutzen. SpaceX will das Spektrum nutzen, um eine verbesserte Starlink Direct-To-Cell-Konstellation zu entwickeln und zu betreiben, mit dem Ziel, mobile Funklöcher weltweit zu beseitigen.
Die Erlöse der Transaktion werden zur Schuldentilgung sowie zur Finanzierung von EchoStars Betrieb und Wachstumsinitiativen verwendet, ohne Auswirkungen auf die aktuellen Aktivitäten von DISH TV, Sling und Hughes.
- Major cash infusion of $8.5 billion plus $8.5 billion in SpaceX stock
- SpaceX to fund $2 billion in EchoStar debt interest payments through 2027
- Strategic partnership allowing Boost Mobile subscribers access to Starlink Direct-to-Cell service
- Resolution of pending FCC inquiries through spectrum sale
- No impact on core operations of DISH TV, Sling, and Hughes
- Divestment of valuable spectrum assets that could have been monetized differently
- Transaction subject to regulatory approvals and closing conditions
- Dependence on SpaceX stock value for nearly half of the transaction value
In the news release, EchoStar Announces Spectrum Sale and Commercial Agreement with SpaceX, issued 08-Sep-2025 by EchoStar Corporation over PR Newswire, we are advised by the company that in the 8th paragraph, first sentence, Steptoe & Johnson PLLC should read Steptoe LLP. The complete, corrected release follows:
EchoStar Announces Spectrum Sale and Commercial Agreement with SpaceX
EchoStar to sell full portfolio of AWS-4 and H-block spectrum licenses to SpaceX.
With AWS-4 and H-block spectrum licenses, SpaceX to develop and deploy a next-generation Starlink Direct-To-Cell constellation.
In connection with the transaction, SpaceX and EchoStar will enter into a long-term commercial agreement, which will enable EchoStar's Boost Mobile subscribers – through its cloud-native 5G core – to access SpaceX's next generation Starlink Direct to Cell service.
"For the past decade, we've acquired spectrum and facilitated worldwide 5G spectrum standards and devices, all with the foresight that direct-to-cell connectivity via satellite would change the way the world communicates," said Hamid Akhavan, president & CEO, EchoStar. "This transaction with SpaceX continues our legacy of putting the customer first as it allows for the combination of AWS-4 and H-block spectrum from EchoStar with the rocket launch and satellite capabilities from SpaceX to realize the direct-to-cell vision in a more innovative, economical and faster way for consumers worldwide."
"We're so pleased to be doing this transaction with EchoStar as it will advance our mission to end mobile dead zones around the world," said Gwynne Shotwell, president & COO, SpaceX. "SpaceX's first generation Starlink satellites with Direct to Cell capabilities have already connected millions of people when they needed it most – during natural disasters so they could contact emergency responders and loved ones – or when they would have previously been off the grid. In this next chapter, with exclusive spectrum, SpaceX will develop next generation Starlink Direct to Cell satellites, which will have a step change in performance and enable us to enhance coverage for customers wherever they are in the world."
EchoStar anticipates this transaction with SpaceX along with the previously announced spectrum sale will resolve the Federal Communications Commission's (FCC) inquiries.
Closing of the proposed transaction will occur after all required regulatory approvals are received and other closing conditions are satisfied.
The proceeds of this transaction will be used for, among other things, retiring certain debt obligations and funding EchoStar's continued operations and growth initiatives. Current operations of EchoStar's DISH TV, Sling and Hughes will not be impacted by this transaction.
EchoStar was represented by White & Case LLP and Steptoe LLP for this transaction. SpaceX was represented by Gibson Dunn & Crutcher LLP and HWG LLP.
About EchoStar Corporation
EchoStar Corporation (Nasdaq: SATS) is a premier provider of technology, networking services, television entertainment and connectivity, offering consumer, enterprise, operator and government solutions worldwide under its EchoStar®, Boost Mobile®, Sling TV, DISH TV, Hughes®, HughesNet®, HughesON™, and JUPITER™ brands. In
©2025 EchoStar, Hughes, HughesNet, DISH and Boost Mobile are registered trademarks of one or more affiliate companies of EchoStar Corp.
About SpaceX
SpaceX designs, manufactures, and launches the world's most advanced rockets and spacecraft. The company was founded in 2002 to revolutionize space technology, with the ultimate goal of making life multiplanetary. As the world's leading provider of launch services, SpaceX is leveraging its deep experience with both spacecraft and on-orbit operations to deploy the world's most advanced internet and Direct to Cell networks. Engineered to end mobile dead zones around the world, Starlink's satellites with Direct to Cell capabilities enable ubiquitous access to texting, calling, and browsing wherever you may be on land, lakes, or coastal waters.
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SOURCE EchoStar Corporation
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