AT&T Completes $23 Billion Spectrum License Acquisition from EchoStar
AT&T has finalized its acquisition of wireless spectrum licenses from EchoStar for approximately $23 billion, significantly enhancing the company's mid-band and low-band spectrum holdings. The deal includes about 30MHz of nationwide mid-band 3.45GHz spectrum and roughly 20MHz of low-band 600MHz spectrum across more than 400 U.S. markets. This acquisition is expected to boost AT&T’s 5G network capacity, download speeds, and support for AI-ready connected experiences. The transaction also extends a long-term wholesale partnership between AT&T and EchoStar, allowing the latter to continue offering wireless services under Boost Mobile with AT&T as its primary network partner. Deployment of mid-band licenses is set to begin soon, aligning with AT&T’s multi-year capital investment plans while reinforcing its fiber expansion goals. AT&T reported strong second-quarter results ahead of this deal, including a 5.1% year-on-year increase in advanced connectivity service revenue and operating income up by 20.3%. The company remains on track to reach over 40 million total fibre locations by the end of 2026.
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Topics: 5G Network Expansion Spectrum Acquisition