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International Business Times UK
International Business Times UK
Teddy Cambosa

EchoStar Stocks Surges: Why This Telco Company Is Winning Following Massive $23 Billion Deal From AT&T

EchoStar Telco ATT FCC
Stock image by Sparsh Karki (via Pexels)

Stocks of American telco company EchoStar have seen a sudden surge following its latest announcement to sell off its 3.45 GHz and 600 MHz spectrum licenses to telco giant AT&T for $23 billion (£17.07 billion). The deal has been officially finalised in response to EchoStar's ongoing efforts to resolve the Federal Communications Commission's (FCC) inquiries regarding its wireless spectrum licenses.

More on EchoStar's Stock Performance

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