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AT&T to Buy EchoStar Spectrum Licenses for About $23 Billion

AT&T plans to spend $23 billion acquiring spectrum licenses from EchoStar to expand 5G coverage across 400 U.S. markets, aiming to support growth in converged customers.

  • AT&T has agreed to purchase wireless spectrum licenses from EchoStar for approximately $23 billion, with the deal expected to close in mid-2026, pending regulatory approvals.
  • AT&T framed the purchase as a move to accelerate connectivity and support growth among customers using both home internet and 5G wireless services, enhancing a long-term wholesale network pact with EchoStar.
  • John Stankey said, `This acquisition bolsters and expands our spectrum portfolio while enhancing customers' 5G wireless and home internet experience in even more markets`.
  • AT&T intends to finance the purchase with cash on hand and incremental borrowings while reiterating 2025 financial guidance and maintaining a capital returns plan, including $20 billion capacity for share repurchases.
  • Markets reacted after the announcement as EchoStar shares jumped more than 40% in premarket while AT&T rose 1.5%, with AT&T saying licenses will boost 5G coverage for consumers, businesses and first responders.
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AT&T is marking an important milestone in its expansion strategy by investing the staggering $23 billion in EchoStar’s acquisition of wireless spectrum licenses. According to the original report, these licenses will cover more than 400 markets in the United States, representing a significant expansion in the company’s network coverage. This move seeks to strengthen the supply of internet at home and attract more subscribers, adding points to AT&…

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OAN broke the news in San Diego, United States on Tuesday, August 26, 2025.
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