TNW | Business
SpaceX’s $8B spectrum deal exposes the risk in telecom shares
Deutsche Telekom is down 8.6% this year and owns half of a carrier that fell 13% on Friday. The EU band Starlink would need comes up in May 2027.
Via TNW | Business
·Excerpt
SpaceX agreed to pay about $8B for nationwide low-band US spectrum, and shares in AT&T, Verizon and T-Mobile fell on the news. Europe’s equivalent band comes up for selection in May 2027, with Brussels proposing that two-thirds of it be reserved for European firms and sovereign use.
SpaceX has agreed to pay about $8B for the thing that turns a satellite operator into a phone company. US carrier shares fell hard. The same move is not available in Europe.
Bloomberg…
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