Telecom shares fall across three countries after SpaceX spectrum deal

SpaceX agreed to acquire a nationwide 800 MHz spectrum portfolio from Grain Management, according to Quartz, which reported sharp Friday declines in Verizon and AT&T shares. The Economic Times reported drops in Telstra, TPG Telecom and Spark New Zealand shares amid concerns about satellite mobile competition, although immediate subscriber impacts appeared minimal.

• Quartz reported T-Mobile's worst stock-market day in more than a decade.

Covered by 2 publishers within 6 hours of the first report.

• Quartz: T-Mobile stock posted its worst day in over a decade after SpaceX's spectrum deal

Reporting2

ET The Economic Times Telecom stocks in Australia, NZ slide after SpaceX spectrum deal 3:38 AM

QZ Quartz T-Mobile stock posted its worst day in over a decade after SpaceX's spectrum deal · Cris Tolomia 9:10 AM

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Topics SpaceX and Starlink