SpaceX agrees to buy 800 MHz spectrum, pressuring US carrier stocks
Original titleSpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
AISummary
SpaceX announced an agreement to buy a nationwide 800 MHz spectrum portfolio from Grain Management, subject to FCC approval. The license covers up to 14 MHz of paired spectrum and is intended to help Starlink become a major US mobile carrier. AT&T, Verizon, and T-Mobile shares fell in extended trading after the announcement.
Source: CNBC · Technology · cnbc.comPublished · added here