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 of spectrum licenses to AT&T and the hybrid MNO agreement are critical steps toward resolving the FCC's inquiries.
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
EchoStar and AT&T have created a hybrid MNO relationship, enabling Boost Mobile subscribers to access AT&T's nationwide network.
Financial Impact
The proceeds of 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 will enable rapid deployment of the purchased spectrum to U.S. consumers.
- Boost Mobile subscribers will benefit from continued service through the hybrid MNO infrastructure, ensuring connectivity and no interruptions.
The spectrum sale and hybrid MNO agreement signify EchoStar's strategic steps to address FCC inquiries, solidify its financial position, and enhance its ability to innovate and compete in the wireless market.