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Update: Market Chatter: FCC Grants License to T-Mobile, SpaceX to Boost Coverage to Remote Areas
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Update: Market Chatter: FCC Grants License to T-Mobile, SpaceX to Boost Coverage to Remote Areas
Nov 27, 2024 6:46 AM

09:15 AM EST, 11/27/2024 (MT Newswires) -- (Updates with T-Mobile comment in 2nd paragraph)

The Federal Communications Commission said Tuesday it has approved a license for T-Mobile (TMUS) and SpaceX unit Starlink to boost internet coverage from space to remote areas, Reuters reported Tuesday.

"We thank the FCC for its order [Tuesday] authorizing the next major milestone on the road to ending mobile dead zones," a T-Mobile spokesperson said to MT Newswires.

(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.)

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