EchoStar Stock Skyrockets On $23 Billion AT&T Deal And Reports Of Further Suitors

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Shares of EchoStar Corp (NASDAQ:SATS) are trading higher again during Wednesday’s session, driven by a landmark $23 billion deal to sell a significant portion of its wireless spectrum portfolio to AT&T Inc (NYSE:T).

What To Know: The agreement with AT&T involves an all-cash transaction for EchoStar’s 3.45 GHz and 600 MHz spectrum licenses. Per a Tuesday press release, the sale will provide AT&T with mid-band and low-band airwaves to bolster its 5G network and fiber infrastructure. The AT&T deal is expected to close by mid-2026, pending regulatory approval.