The Minnesota Star Tribune reports…
AT&T will spend $23 billion to acquire certain wireless spectrum licenses from EchoStar, a significant expansion of AT&T’s low- and mid-band coverage networks.
AT&T said Tuesday that the licenses cover virtually every U.S. market — more than 400 total — which the company plans to deploy as soon as possible to lure more home internet subscribers and meet its growth goals.
The deal also fortifies the long-term services agreement between AT&T and EchoStar, enabling the latter to operate as a hybrid mobile network operator providing wireless service under its Boost Mobile brand. AT&T will be the primary network services partner to EchoStar.
Shares of EchoStar, based in Englewood, Colorado, soared 76% at the opening bell Tuesday.
In May 2025, I reported that AT&T also announced plans to acquire Lumen’s mass market fiber business.