BUZZ-U.S. telecom stocks fall after SpaceX reaches spectrum agreement
路透社2026/10/09 08:46October 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.)
October 9 - ** Due to SpaceX SPCX.O reaching a (link) agreement to acquire a portfolio of low-band spectrum licenses covering the entire United States, Starlink Mobile will become a major telecom carrier in the US, leading to a decline in pre-market US telecom stocks
** T-Mobile TMUS.O shares fell by 6.3%, AT&T dropped 5.7%, and Verizon VZ.N fell by 5.1%
** According to the Wall Street Journal citing people familiar with the matter, SPCX will pay about $8 billion 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 the parties
** This deal increases competitive pressure on traditional carriers, transforming satellite direct-to-device technology from a supplementary safety feature for remote signal blind spots into a fully competitive commercial rival to terrestrial cellular networks
** “Although the three major carriers (T, TMUS, VZ) have shown weakness in high-speed data users (HSDs), which constitutes a more tangible competitive threat, it is not entirely unexpected and will likely begin in rural areas” — Morgan Stanley
** Year-to-date, TMUS has fallen 15.6%, VZ has risen 13.7%, while T has edged up slightly
** European telecom stocks (link) were also affected, including Germany’s Deutsche Telekom DTEGn.DE
(To assist those whose first language is not English, Reuters provides automated translations of its reports into several other languages. Since automated translation may contain errors or lack required context, Reuters does not guarantee the accuracy of translated texts and provides automated translations for reader convenience only. Reuters does not accept any liability for any damage or loss arising from the use of automated translation.)
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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