The spectrum auction is in sight! After repaying debts, EchoStar Corporation (SATS.US) is expected to have $24.1 billion in cash.

According to the Wisdom Financial APP, EchoStar Communications (SATS.US) stated on Monday that it is expected to have a total of $2.41 billion in cash after using the proceeds from the sale of its spectrum licenses to repay debts. This move will strengthen its balance sheet and support growth in the wireless, satellite, and technology sectors.