EchoStar Stock in Focus After FCC Approves $40 Billion Spectrum Plan
EchoStar closed at $137.23, up 1.57%, after the FCC approved spectrum sales to AT&T and SpaceX worth about $40 billion. A $2.4 billion escrow requirement remains unresolved. The company faces weak pay-TV trends and a “going concern” warning. Regular Nasdaq trading had not started as of early Monday.