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 MNO, offering subscribers connectivity through Boost Mobile's cloud-native 5G core and AT&T's cell sites.
The sale to AT&T will enable rapid deployment of the purchased spectrum to U.S. consumers, benefiting both AT&T and Boost Mobile subscribers.
Spectrum Sale to AT&T
EchoStar to sell 3.45 GHz and 600 MHz spectrum licenses to AT&T for approximately $23 billion.
Hybrid MNO Agreement
Boost Mobile to offer connectivity through Boost Mobile's 5G core and AT&T's cell sites, ensuring no interruptions to service for subscribers.
Financial Impact
Proceeds from the spectrum sale will be used to retire debt obligations and fund EchoStar's operations and growth initiatives.
- The sale of spectrum licenses to AT&T and the hybrid MNO agreement mark significant steps in EchoStar's efforts to resolve the FCC's inquiries.
- Subscribers will benefit from improved connectivity and service as a result of the agreements with AT&T and Boost Mobile.
The transactions with AT&T and the hybrid MNO arrangement position EchoStar for long-term success and financial stability, enabling the company to innovate and compete effectively in the evolving market.