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ClosedTech

SpaceX spectrum purchase for Starlink Mobile

SpaceX announced an agreement to buy a nationwide spectrum portfolio for Starlink Mobile, sending US telecom stocks sharply lower: Verizon fell 8.75%, its worst day since 2002, T-Mobile 13.27% and AT&T 9.81%.

Developments
3
Outlets
3
Followed since
8 Oct
The latest development

ReutersFri 9 Oct · 12:50 UTC

US, European telecom stocks slide as SpaceX spectrum deal rattles sector US ​and European telecom stocks tumbled on…

01The story so far
three developments over two days, a square each
02Developments

Developments

Friday 9 October

2 developments
  1. 20:00 UTC· the latest

    Telecom stocks plunge after SpaceX spectrum deal

    Verizon closed down 8.75%, T-Mobile fell 13.27% and AT&T 9.81% on Friday after SpaceX announced the spectrum deal on Thursday.

    1 sourceTechmeme
    • TechmemeRSSFri 9 Oct, 20:40

      Verizon closed down 8.75%, its worst day since 2002, while T-Mobile fell 13.27% and AT&T 9.81% after SpaceX announced a nationwide spectrum deal on Thursday (CJ Haddad/CNBC) CJ Haddad / CNBC: Verizon closed down 8.75%, its worst day since 2002, while T-Mobile fell 13.27% and AT&
      The original post
  2. 12:45 UTC

    Telecom stocks slide after SpaceX spectrum deal

    Deutsche Telekom was on course for its worst day in over three years, and US and European telecom shares fell on fears of satellite competition.

    2 sourcesReuters
    • ReutersBlueskyFri 9 Oct, 12:45

      SpaceX spectrum deal sends Deutsche Telekom shares falling 7% Shares of Deutsche Telekom were on track for their worst trading day in more than three ​years on Friday, after SpaceX on Thursday announced ‌an agreement to buy a nationwide low-band spectrum license portfolio, enabl
      The original post
    • ReutersBlueskyFri 9 Oct, 12:50

      US, European telecom stocks slide as SpaceX spectrum deal rattles sector US ​and European telecom stocks tumbled on Friday after SpaceX's acquisition of ‌low-band spectrum heightened concerns over growing competition from satellite-based mobile services.
      The original post

Thursday 8 October

1 development
  1. 21:10 UTC

    SpaceX buys low-band spectrum to challenge wireless carriers

    The deal is subject to FCC approval; AT&T, T-Mobile and Verizon fell more than 6% after hours.

    3 sourcesReuters, The Verge, Techmeme
    • ReutersBlueskyThu 8 Oct, 21:10

      SpaceX takes aim at US wireless carriers with spectrum acquisition SpaceX struck a deal on Thursday to acquire a nationwide low-band spectrum ​portfolio, positioning Elon Musk's satellite venture to mount ‌a direct, orbital challenge to legacy wireless giants across the United S
      The original post
    • The VergeRSSThu 8 Oct, 21:23

      SpaceX announces plan to become a ‘major mobile carrier’ SpaceX has acquired a portfolio of low-band spectrum licenses - a move the company says "will pave the way" for its Starlink Mobile service to become a "major" US carrier. When the Federal Communications Commission signs o
      The original post
    • TechmemeRSSThu 8 Oct, 21:25

      SpaceX agrees to buy a nationwide low-band spectrum portfolio to help Starlink "become a major mobile carrier"; AT&T, T-Mobile, Verizon fall 6%+ after hours (Bloomberg) Bloomberg: SpaceX agrees to buy a nationwide low-band spectrum portfolio to help Starlink “become a majo
      The original post
03Seen in the story

What it looked like.

Fri 9 Oct · 12:50 · Reuters

US, European telecom stocks slide as SpaceX spectrum deal rattles sector US ​and European telecom stocks tumbled on…

Telecom stocks slide after SpaceX spectrum deal

Fri 9 Oct · 12:45 · Reuters

SpaceX spectrum deal sends Deutsche Telekom shares falling 7% Shares of Deutsche Telekom were on track for their worst…

Telecom stocks slide after SpaceX spectrum deal

Thu 8 Oct · 21:10 · Reuters

SpaceX takes aim at US wireless carriers with spectrum acquisition SpaceX struck a deal on Thursday to acquire a…

SpaceX buys low-band spectrum to challenge wireless carriers