06:50 AM EDT, 06/16/2025 (MT Newswires) -- EchoStar ( SATS ) shares rose more than 48% in Monday's premarket activity as President Donald Trump stepped in to mediate a growing conflict between the company and Federal Communications Commission Chairman Brendan Carr over wireless spectrum licenses, Bloomberg reported Saturday.

According to the report, the Federal Communications Commission launched an investigation into whether EchoStar ( SATS ) was fulfilling its license obligations, prompting the company to miss bond coupon payments and consider filing for bankruptcy.

After multiple attempts to reach Carr, EchoStar ( SATS ) Chairman Charlie Ergen met with him last Wednesday afternoon at the agency's Washington headquarters and told the company to start selling some of its spectrum licenses or risk losing them, unnamed sources familiar with the meetings told Bloomberg.

Ergen later appealed directly to Trump, who expressed concern over the potential bankruptcy of a major US company as it would create uncertainties for other businesses, Bloomberg reported.

During their White House meeting, Trump called Carr to join the discussion and encouraged both parties to find a solution, the report said, adding that the conversation briefly touched on Ergen's political donations and whether EchoStar's ( SATS ) DISH service carried conservative channels like Newsmax.

EchoStar ( SATS ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 25.00, Change: +8.16, Percent Change: +48.46