DealsMay 22, 2026, 04:32 PM
EchoStar Completes Spectrum Transfer Closing with SpaceX Trust
AI Summary
EchoStar Corporation announced the completion of its Spectrum Transfer Closing on May 22, 2026, as part of an Amended and Restated License Purchase Agreement. Certain subsidiaries of EchoStar transferred rights and licenses for 50 MHz of spectrum and up to 15 MHz of AWS spectrum to Spectrum Business Trust 2025-1. The Purchaser, Space Exploration Technologies Corp., also reimbursed EchoStar for prior cash interest payments on Seller Notes. The final Spectrum Acquisition Closing, where the Trust transfers assets to the Purchaser and payment is made, is targeted for November 30, 2027.
Key Highlights
- EchoStar completed the Spectrum Transfer Closing on May 22, 2026.
- Transferred 50 MHz of spectrum in 2000-2020 MHz, 2180-2200 MHz, 1915-1920 MHz, and 1995-2000 MHz ranges.
- Transferred up to 15 MHz of AWS spectrum in the 1695-1710 MHz frequency range.
- SpaceX reimbursed EchoStar for cash interest payments previously made on Seller Notes.
- The final Spectrum Acquisition Closing is targeted for November 30, 2027.
Price Impact
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