Sept 9 (Reuters) - The U.S. Federal Communications
Commission will terminate its investigation into EchoStar's ( SATS )
5G buildout obligations in the country, according to a
regulatory filing from the company on Tuesday.
The highly expected move follows EchoStar's ( SATS ) $17 billion deal
to sell wireless spectrum to billionaire Elon Musk's SpaceX and
comes about two weeks after it announced a $23 billion spectrum
sale to AT&T ( T ).
In a letter to EchoStar ( SATS ) Chairman Charles Ergen on Monday,
FCC Chair Brendan Carr wrote he had asked the agency staff to
close the investigation and conclude that EchoStar ( SATS ) has satisfied
its buildout obligations.
Carr said he also directed the staff to confirm EchoStar's ( SATS )
exclusive rights to a key spectrum block for ground and
satellite use.
EchoStar ( SATS ), co-founded by telecommunications entrepreneur
Ergen, faced the probe over slow deployment of 5G services.
SpaceX had also asked FCC to review EchoStar's ( SATS ) spectrum
holdings, saying the telecommunications company might be
"warehousing" valuable spectrum, which is not used to provide
services.
The transactions with AT&T ( T ) and SpaceX continue to remain
subject to FCC approval, the company said in the filing.