AT&T buys EchoStar spectrum license for $23 billion, boosts 5G and fiber

AT&T announced the acquisition of spectrum licenses from EchoStar for approximately $23 billion, involving approximately 30MHz of nationwide 3.45 GHz mid-band spectrum and approximately 20MHz of nationwide 600MHz low-band spectrum. The move will strengthen AT&T's network capacity and coverage, improve competitiveness, and promote its development in 5G and fiber optics. At the same time, EchoStar's share price soared by 70% due to transactions, bringing significant financial benefits.
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