EchoStar to Sell Spectrum Licenses to AT&T for $23 Billion, Forms Hybrid MNO Agreement
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EchoStar Corporation has reached a $23 billion agreement to sell its 3.45 GHz and 600 MHz spectrum licenses to AT&T. This deal will enhance AT&T's service capabilities and includes a hybrid MNO relationship for Boost Mobile. Proceeds from the sale will be used to reduce debt and support growth initiatives. The transaction is pending regulatory approval and will not affect EchoStar's other operations, including DISH TV and Sling.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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