Verizon in talks to buy EchoStar wireless spectrum, Bloomberg News reports

A satellite model is placed on EchoStar Satellite Services logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -U.S. telecom company Verizon Communications is in discussions with EchoStar about purchasing some of its wireless spectrum, Bloomberg News reported on Monday, citing people familiar with the matter.

The discussions involve the satellite communications firm's AWS-3 licenses, valuable for carrying 5G wireless signals, the report said.