EchoStar Urged by US to Sell Spectrum to Settle Squatting Claim
EchoStar Corp., a broadband company, is facing pressure from US federal regulators to sell a portion of its wireless spectrum. The regulators have raised concerns that EchoStar has failed to utilize valuable sections of the wireless spectrum, a practice known as "squatting." EchoStar has missed debt payments, and the regulators believe that selling the unused spectrum could help the company address its financial challenges. The move is part of the government's efforts to ensure that the limited wireless spectrum is used efficiently and made available to consumers and businesses. The article suggests that EchoStar may need to take action to resolve the regulatory concerns and avoid potential penalties or further legal issues.
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