EchoStar Shares Jump on Talks to Sell Spectrum to Verizon (1)

EchoStar Corp. shares jumped after news that the satellite-TV company is engaged in talks to sell some of its wireless spectrum to Verizon Communications Inc.

The talks involve EchoStar’s AWS-3 licenses, valuable for carrying 5G wireless signals, according to people familiar with the situation, who asked to not be identified because the discussions are private.

EchoStar put a carrying value of $9.8 billion on the spectrum, according to a regulatory filing. The company sold licenses to AT&T Inc. and SpaceX for well over that metric, though that wouldn’t necessarily be the case with Verizon, one of the people said.

Charlie ...