Reported 2 days ago
In a significant move within the telecom industry, AT&T has agreed to purchase a collection of 5G spectrum licenses from EchoStar for $23 billion, bolstering its network expansion efforts. EchoStar's decision to sell comes amidst financial struggles, including a skipped interest payment and rumors of a potential bankruptcy filing. The sale is expected to enhance AT&T's competitive position in the 5G market while providing EchoStar with funds to pay off debt and support growth initiatives.
Source: YAHOO