White & Case advises EchoStar on agreement to sell full unpaired AWS-3 spectrum license portfolio to SpaceX

Global law firm White & Case LLP has advised EchoStar, a premier provider of technology, networking services, television entertainment and connectivity, on its entry into an amended definitive agreement with SpaceX to sell the company's unpaired AWS-3 licenses for approximately US$2.6 billion in SpaceX stock valued as of September 2025.

EchoStar's unpaired AWS-3 licenses are nationwide and are part of 3GPP Band 70n (1695-1710 MHz uplink).

This transaction builds on the agreement the companies entered into in September, where the same White & Case team advised EchoStar on its US$17 billion sale of its AWS-4 and H-block spectrum licenses to SpaceX.

The White & Case team was led by partners Michael Deyong, Jonathan Michels, Keith Hallam and Daniel Dufner (all in New York). The team also included Capital Markets partners A.J. Ericksen (Houston), Anna Soroka and Anthony Tama (both in London); Debt Finance partner Binoy Dharia (New York); Financial Restructuring and Insolvency partners Thomas Lauria (Miami) and Matthew Linder (Chicago); M&A associates Dilara Erik, Eliot Murphy (both in New York) and Conor Cannon (Silicon Valley); Debt Finance associates Viraj Bathe and Jessy Van Kooten (both in New York); Capital Markets associate Elizabeth Mapelli (New York); and Tax partners David Dreier and Adriana Zhan, and associate Daniel Park (all in New York). Law clerks Kade Alexander (New York) and Sunrita Sen (Chicago) also assisted on the matter.

White & Case has advised EchoStar on a series of transformative transactions, including its US$23 billion spectrum sale to AT&T in August 2025; its series of financing transactions in October 2024; and its merger with DISH Network in August 2023.

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