Reported about 8 hours ago
AT&T has announced it will purchase essential wireless spectrum licenses from EchoStar for approximately $23 billion, aiming to enhance its network amidst increasing competition in the telecom market. This acquisition aligns with AT&T's strategy to expand its fiber and 5G infrastructure. The deal, encouraged by governmental discussions, has led to a significant rise in EchoStar's shares and is seen as part of EchoStar's efforts to address Federal Communications Commission inquiries. AT&T plans to finance the purchase through its existing cash and additional borrowing.
Source: YAHOO