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SpaceX strikes $17B deal to buy EchoStar’s spectrum for Starlink’s direct-to-phone service
Elon Musk's SpaceX has agreed to acquire 50MHz of wireless spectrum and Mobile Satellite Service spectrum licenses from EchoStar for about $17 billion in cash and stock for its Starlink satellite network.
SpaceX said the deal would let it develop and deploy its “Direct to Cell” constellation, which it claims can provide broadband-speed internet access to mobile phones across the world. SpaceX last year received the Federal Communication Commission’s approval to go forward with plans to offer a direct-to-phone version of its Starlink satellite internet service, with T-Mobile as a provider. He covered North American and European M&A, equity, regulatory news and debt markets at Reuters and Acuris Global, and has also written about travel, tourism, entertainment and books.
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