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Investing.com -- EchoStar Corp (NASDAQ:SATS) revealed Friday that President Donald Trump encouraged the company and Federal Communications Commission Chair Brendan Carr to find an "amicable resolution" regarding the company’s wireless spectrum licenses.
According to a filing made by EchoStar, Trump met with EchoStar Chair Charlie Ergen on June 12 and later called Carr to join the discussion. The meeting, first reported by Bloomberg News, centered on EchoStar’s efforts to protect its spectrum licenses from potential revocation by the FCC (BME:FCC).
The FCC initiated an investigation in May into EchoStar’s compliance with obligations to provide 5G service in the United States, questioning the company’s buildout extension and mobile-satellite service arrangements.
At a monthly FCC press conference on Thursday, Carr stated that regarding EchoStar, the "status quo needs to change" and noted there was a "narrow window of opportunity here."
During the meeting with Trump and Carr, Ergen expressed concerns that reconsideration of construction deadline extensions or changes to the 2 GHz band’s sharing rules "would threaten the viability of EchoStar’s current operations and future plans."
EchoStar, the parent company of Dish TV, stated in its filing that the FCC review was "harming EchoStar’s ongoing deployment and threaten its viability as a wireless provider as well as endanger the video and broadband satellite services upon which millions of consumers rely."
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