The three telecom stocks moved in their own directions today: Iridium fell 4%, ZTE fell 4.2%, and EchoStar rose 3.5%.
On Iridium's side, user growth for its satellite communication services has slowed, with no new major contracts; ZTE is under pressure following the sentiment of the Hong Kong stock market; EchoStar has some positive sentiment in the US satellite internet space today, possibly driven by some rumors regarding the competitive landscape with SpaceX Starlink.
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