BUZZ - Reports say EchoStar is in talks with SpaceX regarding its Boost Mobile business, causing its stock price to surge.

November 2 - ** Telecom company EchoStar (ECHO.O) saw its share price rise by 4.6% in pre-market trading, reaching $101.44

** According to The Washington Post, SpaceX SPCX.O is in talks to acquire EchoStar's wireless service provider Boost Mobile or to obtain rights to use its network. The network is currently leased by EchoStar from AT&T T.N and T-Mobile TMUS.O (link)

** The share prices of T-Mobile and AT&T fell by nearly 2% and 1%, respectively

** SPCX and ECHO have not yet responded to Reuters' requests for comment

** According to data compiled by London Stock Exchange Group (LSEG), all eight brokers covering ECHO have rated it "buy" or higher; its median target price is $130

** As of the close of the previous trading day, ECHO has declined by 10.82% so far this year

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