Reported 1 day ago
President Donald Trump has called on EchoStar Corp Chairman Charlie Ergen and FCC Chair Brendan Carr to negotiate a resolution regarding EchoStar's wireless spectrum licenses. Following a meeting at the White House, where Trump met with Ergen and Carr, EchoStar's stock surged by 52%. The FCC is currently investigating EchoStar's compliance with 5G service obligations, with concerns that the findings could jeopardize the company's spectrum licenses and ongoing services.
Source: YAHOO