Phone Carriers Slide After SpaceX Spectrum Deal
SpaceX's purchase of 800 megahertz spectrum from Grain Management threatens carriers' profits by introducing satellite competition for wireless services.
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- BenzingaShares of mobile communications companies are trading lower after SpaceX announced that it would purchase Grain Management's 800 MHz spectru
“We'll keep watching. As for Humana's earlier surge, it's holding up. Back to the desk shortly.”
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