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 license sale to AT&T will enable rapid deployment of the purchased spectrum to U.S. consumers across the country, benefiting both AT&T and Boost Mobile subscribers.
Spectrum Sale to AT&T
EchoStar selling 3.45 GHz and 600 MHz spectrum licenses to AT&T for approximately $23 billion.
Boost Mobile Hybrid MNO
Boost Mobile to operate as a hybrid MNO, providing connectivity through a cloud-native 5G core and AT&T's nationwide network.
Financial Impact
Proceeds from the spectrum sale will be used to retire debt obligations and fund EchoStar's operations and growth initiatives.
- The agreement with AT&T marks a significant step in resolving the FCC's inquiries and spectrum utilization concerns.
- Boost Mobile subscribers will benefit from seamless connectivity through AT&T's nationwide network while retaining access to the T-Mobile network.
The spectrum sale and hybrid MNO agreement position EchoStar for long-term success, financial stability, and continued innovation in the wireless market.