EchoStar soars 50% after report Trump urged EchoStar, FCC chair to reach deal on licenses

Alex Graur

NEW YORK :Shares of EchoStar rose as much as 50 per cent on Monday following a late Friday Bloomberg report that U.S. President Donald Trump urged EchoStar Chairman Charlie Ergen and Federal Communications Commission Chair Brendan Carr to reach a deal over the fate of the company's wireless spectrum licenses. The telecommunications services company's stock also surged after the bell on Friday due to the report, which said Trump met on Thursday with Ergen and he telephoned Carr, who came to the

Tag-uri: Donald Trump

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