financetom
Business
financetom
/
Business
/
AT&T, Charter, Other Telecom Shares Fall After EchoStar, SpaceX Enter $17 Billion Spectrum Deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AT&T, Charter, Other Telecom Shares Fall After EchoStar, SpaceX Enter $17 Billion Spectrum Deal
Sep 8, 2025 7:33 AM

10:06 AM EDT, 09/08/2025 (MT Newswires) -- AT&T ( T ) , Charter Communications ( CHTR ) , T-Mobile US ( TMUS ) , and Verizon (VZ) shares were falling 3.5%, 1.5%, 4.2% and 2.4% in recent Monday trading after EchoStar ( SATS ) agreed to sell its wireless spectrum licenses to SpaceX in a cash-and-stock deal worth about $17 billion.

EchoStar ( SATS ) shares jumped past 18%.

Price: 257.44, Change: -4.06, Percent Change: -1.55

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Britain's Centrica signs 10-year US gas deal with Coterra
Britain's Centrica signs 10-year US gas deal with Coterra
Nov 3, 2024
OSLO, Oct 30 (Reuters) - British utility Centrica ( CPYYF ) and U.S. producer Coterra Energy ( CTRA ) have entered into two gas sale and purchase agreements, which will reduce market risk in Centrica's ( CPYYF ) liquefied natural gas (LNG) portfolio, Centrica ( CPYYF ) said on Wednesday. Under the contracts, Coterra will supply 100,000 mmBtu per day...
Hess posts quarterly profit beat as Guyana oil output stays strong
Hess posts quarterly profit beat as Guyana oil output stays strong
Nov 3, 2024
Oct 30 (Reuters) - Hess Corp ( HES ) beat estimates for third-quarter profit on Wednesday, helped by higher oil production in Guyana. The Guyana assets are at the center of an ongoing dispute between oil giants Chevron ( CVX ) and Exxon that has delayed Chevron's ( CVX ) $53 billion takeover of Hess. Hess agreed to the buyout...
Leonardo DRS Q3 Adjusted Earnings, Revenue Rise; Lifts Full-Year Earnings, Revenue Outlook
Leonardo DRS Q3 Adjusted Earnings, Revenue Rise; Lifts Full-Year Earnings, Revenue Outlook
Nov 3, 2024
08:03 AM EDT, 10/30/2024 (MT Newswires) -- Leonardo DRS ( DRS ) reported Q3 adjusted earnings Wednesday of $0.24 per diluted share, up from $0.20 a year earlier. Analysts polled by Capital IQ expected $0.19. Revenue for the quarter ended Sept. 30 was $812 million, up from $703 million a year earlier. Analysts surveyed by Capital IQ expected $775.4 million....
Utility firm Exelon's profit beats estimates on higher electricity rates
Utility firm Exelon's profit beats estimates on higher electricity rates
Nov 3, 2024
Oct 30 (Reuters) - Utility firm Exelon ( EXC ) beat Wall Street estimates for third-quarter profit on Wednesday, helped by higher electricity rates. U.S. electric utilities have been seeking to raise customer power bills in 2024 to fund infrastructure upgrades as the country's grid faces extreme weather events and rising demand from industry electrification and data center expansion. Utilities...
Copyright 2023-2026 - www.financetom.com All Rights Reserved