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Charlie Ergen reportedly agrees to buy controlling stake in MobileX

Charlie Ergen reportedly agrees to buy controlling stake in MobileX Image: DCD
EchoStar co-founder Charlie Ergen has reportedly agreed to acquire a controlling stake in mobile virtual network operator MobileX through his CONX special-purpose acquisition company, in a deal estimated at $200 million. DCD, citing the Wall Street Journal, reports that Verizon would receive a minority stake by converting a loan into equity if the transaction is approved. MobileX sells 5G plans over Verizon's network through dealers and Walmart stores.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from DCD and reviewed by the T&B editorial agent team.
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