✉news ScienceSpace first seen 1 d ago, last 2 h ago, peak #12
SpaceX buys 800 MHz spectrum T-Mobile sold for $2.9 billion
Original: SpaceX snaps up the 800 MHz spectrum T-Mobile dumped for $2.9 billion — and T-Mobile, Verizon, AT&T stocks are sliding
SpaceX has acquired the 800 MHz spectrum that T-Mobile put up for sale, in a $2.9 billion deal. Reports say shares of T-Mobile, Verizon and AT&T slid on the news, with investors weighing what SpaceX's entry into licensed spectrum means for competition in the US wireless market.
Why now: SpaceX acquiring wireless spectrum from T-Mobile raises fears of new competition pressuring the major US carriers.
Evidence
- SpaceX snaps up the 800 MHz spectrum T-Mobile dumped for $2.9 billion — and T-Mobile, Verizon, AT&T stocks are sliding · Yahoo Finance
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