EchoStar (SATS) shares are up nearly 50% on Monday following news that President Donald Trump wants the satellite communications firm to strike a deal with the Federal Communications Commission (FCC).

Back in May, the new Trump-appointed FCC director sent a letter to EchoStar, stating that the extension it was granted to complete its 5G network buildout by the prior administration was under review.

On June 12, he met with EchoStar Chairman Charlie Ergen and told FCC Chair Brendan Carr to find a deal. The White House even filed a statement urging an "amicable resolution" (same link above).

EchoStar issued a press release touting its new 5G-enabled tablet. The FCC recently threatened EchoStar's spectrum holdings, alleging it hadn't been building its 5G network fast enough. Elon Musk ...

EchoStar logo - Photo by Jaque Silva/NurPhoto via Getty Images Despite facing an FCC investigation, Boost Mobile’s parent company, EchoStar, is gearing up to develop its own satellite system to ...

The FCC could force EchoStar to relinquish licenses outright or offer unprofitable services, either of which would further imperil its financial position. The TV business still produces solid cash ...

The 21-page EchoStar appeal asks the FCC for an “emergency action” ruling within days to meet the July 10 deadline for the Mexican orbital position. As of June 10 no action had been taken.

Charlie Ergen’s Dish Network has been fined by the FCC for not placing its EchoStar-7 craft in a correct ‘graveyard’ orbit. This is the first time that the FCC has penalised an operator under its ...

In a letter to the FCC late Monday, EchoStar effectively offered itself up for concession negotiations in a last- ditch effort to get its deal approved by the Justice Dept. EchoStar has asked that ...

The FCC said Wednesday that the two-dish plan violates federal law and agency rules. EchoStar DISH offered customers in certain markets a second satellite dish for free to obtain local channels.

To some degree, EchoStar is obligated to fight the FCC and DOJ rulings. Otherwise, EchoStar could have to pay a $600 million breakup charge to Hughes Electronics, EchoStar’s parent company.