Charlie Ergen’s CONX to acquire control of MobileX in $200M deal

Charlie Ergen’s CONX is acquiring a controlling stake in wireless provider MobileX for approximately $200 million. The deal, pending regulatory approval, grants Verizon a minority equity interest via loan conversion. This move signals Ergen's continued commitment to the wireless market despite EchoStar's losses. While Boost and MobileX may share resources, they remain minor competitors against AT&T, T-Mobile, and Verizon.