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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

AT&T Expands 5G Empire With $23 Billion EchoStar Spectrum Acquisition

EchoStar ATT Sats ATT Inc Nasdaq
AT&T-Photo by Jason Taylor AG via Shutterstock

EchoStar Corp. (NASDAQ:SATS) shares climbed on Tuesday after AT&T Inc. (NYSE:T) revealed plans to purchase spectrum licenses worth $23 billion in an all-cash transaction.

The move aims to bolster AT&T’s wireless and fiber network capacity while positioning the company as a long-term leader in advanced connectivity across the U.S.

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