Trung PhanLead source
management execs at Verizon (-9%), AT&T (-10%) and T-Mobile (-13%) seeing SpaceX acquire a nationwide spectrum portfolio as part of plan to expand Starlink into mobile servicesRead original on X
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SpaceX buys spectrum to take Starlink phone service indoors
Carriers saw their stocks slide on the pending deal, which would extend satellite-to-phone coverage to places cell towers reach poorly.
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SpaceX just bought 800 MHz spectrum that could improve Starlink Mobile indoors, and the deal still needs FCC approval. Reuters says it also clears the path for direct-to-device service that could challenge T-Mobile, Verizon, and AT&T.Read original on X
T-Mobile spent five years trying to get rid of the exact spectrum Elon just called "the last critical piece" of complete phone coverage in America. This 800 MHz block is Sprint's old Nextel spectrum, the stuff that powered push-to-talk walkie-talkie phones in 2004. The DOJ forced T-Mobile to divest it as a condition of the $26 billion Sprint merger. Dish had first rights at $3.59 billion and walked away because it couldn't raise the money. T-Mobile finally offloaded it to an investment firm called Grain Management last year for $2.9 billion plus a spectrum swap. Grain's original plan was selling it to utilities for private networks. Fourteen months later, SpaceX buys the whole portfolio, and shares of the carriers who passed on it fall as much as 8% in a single afternoon. Here's why it…Read original on X
How the headline evolved
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to take Starlink phone service indoors
SpaceX buys spectrum to bring Starlink phone service indoors
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