EchoStar Surges After FCC Approval of 5G Network

Investing.com — EchoStar experienced a significant increase in after-hours trading on Friday after the Federal Communications Commission (FCC) approved the company’s 5G network buildout framework for its Boost Mobile Network, intensifying competition in the wireless market.

After-Hours Trading
EchoStar Corporation (NASDAQ:SATS) rose more than 4% following the FCC’s approval.

Network Expansion Plans
With the FCC’s endorsement, EchoStar aims to cover 80% of the U.S. population by the end of the year, surpassing its 2023 obligation to cover 70%.

Low-Cost Wireless Plan
As part of the FCC framework, EchoStar is required to provide a low-cost wireless plan and 5G device across the nation, including areas where it depends on roaming partners for service coverage.

Wholesale Partnerships
EchoStar’s collaborations with AT&T (NYSE:T) and T-Mobile (NASDAQ:TMUS) will enable customers to sign up for Boost Mobile service even in regions without EchoStar’s own network.

Spectrum Access for Small Carriers
Additionally, small wireless carriers and Tribal nations can lease EchoStar spectrum licenses in areas where the company has not yet deployed services.