SpaceX Acquires Spectrum, Weakening Verizon and AT&T Bonds
Deals·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Bonds issued by Verizon Communications Inc. and AT&T Inc. weakened on Friday, following SpaceX’s announcement that it will buy US spectrum that will help the company become a “major mobile carrier” in the US.
SpaceX agreed to purchase a nationwide spectrum portfolio as it pushes its Starlink service deeper into the U.S. telecommunications market.
VerizonAT&TSpaceX
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Bonds issued by Verizon Communications Inc. and AT&T Inc. weakened on Friday, following SpaceX’s announcement that it will buy US spectrum that will help the company become a “major mobile carrier” in the US.”
Bloomberg — Verizon, AT&T Bonds Weaken on SpaceX’s Wireless-Service Plans“SpaceX agreed to purchase a nationwide spectrum portfolio as it to pushes its Starlink service deeper into the U.S. telecommunications market.”
CNBC — SpaceX deal to acquire spectrum license hammers shares of AT&T, Verizon and T-Mobile
SupportCorroborates it
“SpaceX still has a ways to go before it can seriously challenge the three major wireless operators, but it's making moves to grow its capabilities.”
MarketWatch — As AT&T, Verizon and T-Mobile shares fall, Wall Street assesses the growing SpaceX threat“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.”
The Verge — SpaceX announces plan to become a ‘major mobile carrier’“SpaceX is acquiring a crucial swath of spectrum from Grain Management.”
Bloomberg — Musk’s SpaceX Acquiring Crucial Swath of Spectrum“SpaceX has revealed its plans to become a major mobile carrier.”
engadget — SpaceX wants to become a 'major mobile carrier' with low-band spectrum acquisition
Earlier versions
- Oct 8, 9:10 PM — SpaceX Acquires Low-Band Spectrum License Portfolio, Incumbent Carriers Drop 5% (3/3)
- Oct 8, 9:35 PM — SpaceX Acquires Spectrum License, Shares of AT&T, Verizon, T-Mobile Fall 8% (5/5)
- Oct 9, 1:54 PM — SpaceX Acquires Spectrum License, Pressuring AT&T, Verizon, and T-Mobile Shares (3/3)