AT&T to Acquire EchoStar's Spectrum Licenses
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AT&T has announced plans to buy key spectrum from Boost Mobile's parent company Echo Star, in what appears to be the mid and low-band.
Ongoing spectrum spending will balloon AT&T's debt to over $160B, with little to no material sales growth since 2018. Click for my T stock update.
EchoStar has agreed to sell $23 billion worth of spectrum licenses to AT&T in a deal spurred by threats made by the Federal Communications Commission to revoke EchoStar's rights to use the spectrum. AT&T said it will use the spectrum to boost its 5G mobile network and expand its fixed wireless home Internet service.
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The telecom giant said that the licenses cover over 400 markets and that the deal will strengthen its low-band and midband spectrum holdings.
Dish's demise is complete as EchoStar sells its spectrum to AT&T and begins winding down the old infrastructure
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AT&T announces $23 billion purchase of spectrum licenses from Dish Network, Boost Mobile parent
AT&T buys $23 billion wireless spectrum licenses from EchoStar Corp. Transaction expected to close in mid-2026, pending regulatory approvals.
EchoStar’s proposed direct-to-device satellite network got a major boost Aug. 26 with plans to sell $23 billion of spectrum to AT&T, closing the book on its bid to operate as a traditional mobile carrier in the United States.