BUZZ-European telecom stocks fall after SpaceX reaches spectrum agreement
路透社2026/10/09 08:11On Thursday, SpaceX SPCX.O announced it had reached an agreement (link) to acquire a portfolio of low-frequency band spectrum licenses across the United States, which will enable Starlink Mobile to become a major telecommunications operator in the US. Following this news, shares of European telecom service providers fell by 3% to 7%. Deutsche Telekom DTEGn.DE, which holds a 54% stake in T-Mobile US TMUS.O, saw its share price drop by 7%, set for its biggest single-day loss since June 2023. “Deutsche Telekom is negatively impacted as competition in the US market intensifies,” according to a local trader. This acquisition could potentially allow SpaceX to provide direct mobile communication services to smartphones from space in the future. Scotiabank pointed out, “SpaceX’s acquisition of spectrum in the US today makes the threat of hybrid networks more realistic, though network capacity and deployment economics in dense markets have yet to be validated.” Spanish operator Telefonica TEF.MC, France's Orange SA ORAN.PA, and UK’s Vodafone VOD.L all declined by about 3%. The European STOXX 600 telecom index .SXKP dropped 2.8%. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Since these automated translations may contain errors or lack the needed context, Reuters does not guarantee the accuracy of automated translation texts and provides them for reader convenience only. Reuters bears no responsibility for any harm or loss due to use of automated translation.)
October 9 - **On Thursday, SpaceX SPCX.O announced it had reached an agreement (link) to acquire a collection of low-band spectrum licenses covering the entire United States, which will make Starlink Mobile a major telecommunications operator in the US; following this news, shares of European telecom service providers fell by 3% to 7%
** Shares of Deutsche Telekom DTEGn.DE, which holds a 54% stake in T-Mobile US TMUS.O, dropped 7%, on track for the biggest single-day decline since June 2023
** “As competition intensifies in the US market, Deutsche Telekom’s stock price has been negatively affected,” a local trader stated
** The acquisition could enable SpaceX to provide mobile communications services directly to smartphones from space in the future
**Scotiabank noted: “SpaceX’s acquisition of spectrum in the US today makes the threat of a hybrid network more tangible, but the capacity and deployment economics in dense markets still remain unproven.”
** Telefonica of Spain TEF.MC, French operator Orange SA ORAN.PA, and UK Vodafone VOD.L all dropped about 3%
** The European STOXX 600 Telecom Index .SXKP fell 2.8%
(For the convenience of non-English speakers, Reuters has automatically translated its report into several other languages. Since automated translation may contain errors or may not convey the needed context, Reuters does not guarantee the accuracy of automatically translated text and provides it solely for readers’ convenience. Reuters accepts no liability for any damage or loss arising from the use of the automatic translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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BUZZ-U.S. telecom stocks fall after SpaceX reaches spectrum agreement
October 9th - SpaceX (SPCX.O) has reached an agreement to acquire a portfolio of nationwide low-frequency spectrum licenses, enabling Starlink Mobile to become a major telecom operator in the US, causing a pre-market decline in US telecom stocks. T-Mobile (TMUS.O) shares fell by 6.3%, AT&T by 5.7%, and Verizon (VZ.N) by 5.1%. According to The Wall Street Journal, citing sources familiar with the matter, SPCX will pay about 8 billion USD in cash to the seller, private equity firm Grain Management, to acquire the asset. The financial terms of the agreement have not yet been disclosed by either party. This deal increases competition for traditional carriers, transforming satellite direct-to-device technology from a supplementary safety feature for remote signal dead zones into a full-fledged commercial competitor replacing terrestrial cellular networks. "Although the three major carriers (T, TMUS, VZ) face a more concrete competitive threat due to their weak performance among high-speed data users (HSDs), this is not entirely unexpected and will most likely begin in rural areas," said Morgan Stanley. So far this year, TMUS is down 15.6%, VZ is up 13.7%, and T is slightly up. European telecom stocks were also impacted, including Germany’s Deutsche Telekom (DTEGn.DE). (To facilitate non-English-speaking users, Reuters automates its reports into several other languages. As automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translations, which are provided solely for reader convenience. Reuters assumes no liability for any harm or loss arising from use of this automated translation feature.)
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