Federal communications regulators have given their approval for EchoStar to move forward with selling portions of its wireless spectrum to two major companies, according to an announcement made Tuesday.
The Federal Communications Commission’s wireless and space divisions have cleared the satellite company to transfer roughly 65 megahertz of spectrum to SpaceX, while also approving the sale of 50 megahertz to telecommunications giant AT&T.
The regulatory approval represents a significant step forward for both transactions, which will redistribute valuable wireless spectrum resources among the companies involved.
