AT&T to buy EchoStar licenses for $23 billion

VALUABLE SELL

- BLOOMBERG

ECHOSTAR HAS AGREED to sell spectrum licenses to AT&T for about $23 billion in a deal that may help the satellite telecommunications company stay afloat and fend off regulatory concerns about its airwave use.

The sale will expand AT&T's network and add about 50 MHz of low-band and mid-band spectrum in an all-cash transaction, the Dallas, Texas-based telecommunications company said in a statement on Tuesday. The deal is expected to close by mid-2026, pending regulatory approval.