Overview

• The purchase covers about 50 MHz nationwide — roughly 30 MHz at 3.45 GHz and 20 MHz at 600 MHz — spanning more than 400 U.S. markets.
• AT&T can lease and begin deploying the airwaves before the transaction closes, targeting upgrades to 5G and home internet performance.
• The companies revised their network services pact to let EchoStar operate Boost Mobile as a hybrid MNO, with AT&T as the primary network partner.
• EchoStar says proceeds will retire debt and support efforts to resolve an FCC inquiry into its spectrum utilization and 5G buildout obligations.
• EchoStar shares surged around 75% on the news, and the agreement follows June meetings where President Trump urged EchoStar and FCC Chair Brendan Carr to find a path forward.