# Charlie Ergen reportedly agrees to buy controlling stake in MobileX

_Monday, August 17, 2026 at 12:10 PM EDT · Products, Infrastructure · Developing · Tier 2 — Notable_

![Charlie Ergen reportedly agrees to buy controlling stake in MobileX — DCD](https://media.datacenterdynamics.com/media/images/mX_GN_Data-wheel_02.2e16d0ba.fill-1200x630.jpg)

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.

## Sources

- [DCD](https://www.datacenterdynamics.com/en/news/echostars-charlie-ergen-to-acquire-controlling-stake-in-mvno-mobilex-report/)

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Retrieved: 2026-08-18T01:22:22.930Z
Publisher: Tech & Business (techandbusiness.org)