CONX to acquire controlling interest in HC2 Broadcasting

TL;DR: CONX, the special purpose acquisition company (SPAC) backed by Charlie Ergen, struck a deal to acquire a controlling interest in HC2 Broadcasting, according to Light Reading.

CONX has agreed to take a controlling stake in HC2 Broadcasting, a US broadcasting company pursuing a 5G Broadcast platform. Light Reading reported the deal and identified CONX as Charlie Ergen's SPAC focused on media and telecom.

HC2 Broadcasting is developing a 5G Broadcast platform. The reported transaction would give CONX control of the company as HC2 continues work in broadcast-based 5G distribution.

Light Reading described CONX as a SPAC, or special purpose acquisition company, tied to Charlie Ergen and focused on media and telecom investments. The report did not provide additional financial terms in the source material supplied here.

Related questions

• What is CONX and who is Charlie Ergen?
• What does HC2 Broadcasting do in 5G Broadcast?
• What controlling interest is CONX acquiring in HC2 Broadcasting?