EchoStar has entered into a definitive agreement with AT&T to sell the company's 3.45 GHz and 600 MHz spectrum licenses for approximately $23 billion.
Boost Mobile will continue to compete in the U.S. wireless market as a hybrid Mobile Network Operator, offering subscribers connectivity through Boost Mobile's 5G core and AT&T's cell sites.
The sale of spectrum licenses to AT&T and the hybrid MNO agreement are critical steps towards resolving the FCC's inquiries.
Spectrum Sale to AT&T
EchoStar to sell 50 MHz of nationwide spectrum to AT&T for $23 billion.
Boost Mobile Continuity
Boost Mobile subscribers to have connectivity through Boost Mobile's 5G core and AT&T's network.
Financial Impact
Proceeds used for retiring debt obligations and funding growth initiatives.
- The license sale to AT&T will enable rapid deployment of the purchased spectrum to U.S. consumers, benefiting both AT&T and Boost Mobile subscribers.
- Through Boost Mobile's hybrid MNO infrastructure, customers will experience uninterrupted service with primary connectivity from AT&T towers.
- Elements of Boost Mobile's RAN will be decommissioned over time, optimizing network operations.
The spectrum sale and hybrid MNO agreement represent strategic moves by EchoStar to address FCC inquiries, secure financial stability, and enhance competitiveness in the wireless market.