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via finance.yahoo.comBusiness & Companies

SpaceX in talks to buy EchoStar's Boost Mobile

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. SpaceX (NASDAQ:SPCX) is in talks to buy EchoStar's (NASDAQ:ECHO) Boost Mobile wireless service or gain access to its network, the Washington Post, citing people familiar with the negotiations. EchoStar shares rose 4.93% in premarket.…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA deal would strengthen SpaceX's wireless plan and pressure major US carriers, which may need to consent.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01SpaceX is in talks to buy Boost Mobile or gain access to its network, per the Washington Post.
  2. 02EchoStar shares rose 4.93% in premarket trading.
  3. 03Boost uses leased network capacity from AT&T and T-Mobile and had 7.38 million subscribers.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
EchoStar CorporationECHOStock98.50 USD+1.61%today +1.61%Positive AT&T Inc.TStock21.50 USD+0.41%today +0.41%Neutral T-Mobile US, Inc.TMUSStock156.34 USD-0.06%today -0.06%Neutral Verizon Communications Inc.VZStock44.82 USD+0.20%today +0.20%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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