Reported 2 days ago
EchoStar Corp. (SATS) surged by 108.61% over the past week to reach a new all-time high, driven by a significant $23 billion agreement with AT&T for spectrum licenses that mitigated regulatory hurdles and alleviated bankruptcy fears. The stock peaked at $61.87 during Friday's trading before closing slightly lower at $61.79. This deal not only resolves compliance issues with the FCC, but also marks a major step forward for the company, which had faced scrutiny regarding its 5G service obligations.
Source: YAHOO