The spectrum transformation is in sight! Echostar expects to hold $24.1 billion in cash after debt repayment
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Echostar expects to have $24.1 billion in cash after repaying debts with the proceeds from the sale of spectrum licenses, enhancing its balance sheet to support growth in wireless, satellite, and technology sectors. The company sold spectrum licenses to AT&T and SpaceX for $23 billion and $17 billion, respectively. The FCC will terminate its investigation into the company's 5G service deployment. Echostar's stock price rose by 1.28%, up nearly 230% this year
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