Market Chatter: FCC to Probe EchoStar Compliance With Requirements to Build 5G Network-March 2024-www.financetom.com

Market Chatter: FCC to Probe EchoStar Compliance With Requirements to Build 5G Network

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Market Chatter: FCC to Probe EchoStar Compliance With Requirements to Build 5G Network

May 26, 2025 6:09 AM

02:15 PM EDT, 05/12/2025 (MT Newswires) -- The Federal Communications Commission informed EchoStar ( SATS ) Chairman and co-Founder Charlie Ergen that agency staff will investigate the company's compliance with federal requirements to build a nationwide 5G network, The Wall Street Journal reported Monday, citing an FCC letter to Ergen that it viewed.

EchoStar ( SATS ) did not immediately reply to a request for comment from MT Newswires.

Shares were falling more than 9% in recent trading.

(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: 21.94, Change: -2.25, Percent Change: -9.30

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