EchoStar's stock surges 50% after Trump's intervention in FCC license negotiations

From Yahoo Finance: 2025-06-16 13:39:00

Shares of EchoStar surged 50% after Trump urged a deal with FCC over wireless spectrum licenses. FCC is investigating EchoStar’s 5G obligations. UBS analysts believe forfeiting licenses is less likely, sparking interest from wireless carriers. Stock hit $25.29 on Monday, up from $16.84 on Friday. EchoStar’s stock has dropped 30% since FCC probe.

Read more: EchoStar soars 50% after report Trump urged EchoStar, FCC chair to reach deal on licenses