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Investing.com -- T-Mobile and Elon Musk’s Starlink have separately shown interest in acquiring spectrum controlled by EchoStar, the parent company of DISH Network, according to Semafor.
The interest comes after AT&T (NYSE:T) agreed to purchase certain wireless spectrum licenses from EchoStar (NASDAQ:SATS) for approximately $23 billion.
Sources familiar with the matter told Semafor that T-Mobile was previously engaged in discussions for a three-way agreement that would have involved T-Mobile and AT&T dividing most of EchoStar’s spectrum between them. This potential arrangement would have also included the two wireless carriers exchanging some of their existing spectrum holdings.
EchoStar, which has been facing financial challenges, controls valuable spectrum that wireless carriers and satellite communications providers can use to expand their network capabilities.
The spectrum market has become increasingly competitive as companies look to strengthen their positions in the evolving telecommunications landscape.
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