Telecom stocks under fire, sink up to 13% as Elon Musk’s Starlink buys spectrum from Grain Management

SpaceX’s move to acquire low-band spectrum licences has intensified concerns about disruption in the US telecom industry, sending shares of Verizon, AT&T and T-Mobile lower. The company plans to combine satellite connectivity with terrestrial infrastructure to expand Starlink Mobile coverage. The…

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