AT&T to Acquire Spectrum Licenses from EchoStar
DALLAS, Aug. 26, 2025 /PRNewswire/ --
Investment in critical U.S. communications infrastructure supercharges AT&T's converged connectivity leadership strategy and furthers goal of becoming the best connectivity provider in America
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Key Takeaways:
$23 billion acquisition will add an average of approximately 50 MHz of low-band and mid-band spectrum to AT&T's holdings, covering virtually every market across the U.S. and positioning AT&T to maintain long-term leadership in advanced connectivity across 5G and fiber
Transaction powers improved and capital-efficient long-term growth by accelerating the Company's ability to add converged subscribers with both 5G wireless and home internet services in more places
Leading AT&T network will enable continued EchoStar participation in wireless industry through long-term wholesale network services agreement
AT&T reiterates full-year 2025 financial guidance and capital return plans including an expected $20 billion of share repurchase capacity during 2025-2027
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Note: The Company will provide more details around the planned spectrum acquisition, its long-term strategy and plans to drive strong returns to shareholders today at 8:30 a.m. ET. The webcast, replay and related materials will be available at investors.att.com.
AT&T (NYSE:T) (the Company) has agreed to purchase certain wireless spectrum licenses from EchoStar (NASDAQ:SATS) for a total of approximately $23 billion, subject to certain adjustments.
AT&T and EchoStar have also agreed to enhance their long-term wholesale network services agreement, enabling EchoStar to operate as a hybrid mobile network operator (MNO) providing wireless service under the Boost Mobile brand. AT&T will be the primary network services partner to EchoStar as it continues to serve wireless customers.
"This acquisition bolsters and expands our spectrum portfolio while enhancing customers' 5G wireless and home internet experience in even more markets," said John Stankey, Chairman and CEO, AT&T. "No one brings wireless and fiber internet to more places or does it better than AT&T, and we do it with the industry's first and only guarantee for both wireless and fiber. We're adding fuel to our winning strategy of investing in valuable wireless and broadband assets to become America's best connectivity provider."
Spectrum purchase transaction details
AT&T will acquire approximately 30 MHz of nationwide 3.45 GHz mid-band spectrum and approximately 20 MHz of nationwide 600 MHz low-band spectrum for approximately $23 billion in an all-cash transaction, subject to certain adjustments.
These licenses cover virtually every market across the U.S., over 400 markets in total, significantly strengthening AT&T's low-band and mid-band spectrum holdings.
AT&T intends to begin deploying these mid-band licenses, which are compatible with its 5G network, as soon as possible. The Company ...
