Delivery Hero Sells Taiwan Foodpanda to Grab for $600 Million in Debt-Reduction Push 
UK Regulators Demand Social Media Platforms Strengthen Children's Age Verification 
WTO Reform Talks Begin in Cameroon Amid Global Trade Tensions 
Trump White House Unveils National AI Policy Framework for Congress 
Trump Administration Settles Lawsuit Barring Federal Agencies from Pressuring Social Media Censorship 
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group 
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas 
FCC Chairman Threatens Broadcasters Over "Fake News" Amid Iran War Coverage Debate 
Pentagon Revises Media Access Policy Following Court Order 
U.S. Officials Express Optimism Over New CDC Director Selection Amid Vaccine Policy Turmoil 
Kristi Noem Ends Western Hemisphere Tour in Diminished Role After DHS Firing 
U.S. Pulls Back Proposed AI Chip Export Rule Amid Policy Uncertainty 
Trump Issues 48-Hour Ultimatum to Iran Over Strait of Hormuz, Threatens Power Grid Strikes 
Trump Administration Opens Two New Investigations Into Harvard Over Discrimination and Antisemitism 
Taiwan Arms Deal on Track Despite U.S.-China Summit Uncertainty 
Trump Votes by Mail Despite Calling It "Cheating" as Democrat Wins Mar-a-Lago District 
Jay Bhattacharya to Continue Leading CDC as White House Searches for Permanent Director 
EchoStar Corp (NASDAQ: SATS) surged 52% in after-hours trading following a Bloomberg report that President Donald Trump urged a resolution over the company’s wireless spectrum licenses. Trump reportedly met with EchoStar Chairman Charlie Ergen and phoned FCC Commissioner Brendan Carr, who later joined the White House meeting.
EchoStar is facing pressure from the Federal Communications Commission, which is reviewing the company’s compliance with its 5G buildout obligations. In May, the FCC questioned EchoStar’s extension request and mobile-satellite service operations, raising the possibility of revoking its licenses. EchoStar argues such actions would harm its wireless rollout and jeopardize satellite-based video and broadband services that millions rely on.
The company also claims that revoking previously granted spectrum rights—licenses it says cost billions in payments and investments—would break with long-standing regulatory precedent. EchoStar disclosed it had missed about $500 million in interest payments, attributing the lapse to the uncertainty surrounding the FCC probe.
DirecTV, which had agreed to acquire EchoStar’s satellite TV business last year, terminated the deal after a failed debt-exchange proposal. The unit includes Dish TV, a key rival in the U.S. satellite space.
Neither the FCC nor EchoStar provided comment to Reuters on Friday, while the White House also declined to issue a statement.
The outcome of the ongoing discussions could significantly impact EchoStar’s viability as a U.S. wireless provider and reshape the competitive landscape for mobile and satellite communications. With Trump’s direct involvement and the FCC’s scrutiny intensifying, the future of EchoStar’s multibillion-dollar spectrum assets remains uncertain—while markets respond with high volatility.
