Trump Urged Ergen, Carr to Cut a Deal on EchoStar Spectrum

EchoStar Corporationl headquarters in Englewood, Colorado.Photographer: Kristoffer Tripplaar/Sipa/AP

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By Kelcee Griffis and Stephanie Lai

June 13, 2025 at 8:16 PM UTC

Updated on

June 13, 2025 at 9:41 PM UTC

President Donald Trump has intervened to push EchoStar Corp. and Federal Communications Commission Chairman Brendan Carr to resolve a dispute over the satellite communications company’s valuable spectrum licenses.

EchoStar shares surged more than 50% in postmarket trading on Friday, after Bloomberg reported on the president’s meeting with Carr. EchoStar’s 10.75% bonds maturing in 2029 rose about 5.4 cents on the dollar to 108.5 cents as of 5:16 p.m. in New York, according to Trace. The bonds are among the biggest gainers in US high-yield trading Friday.