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AT&T to Acquire Spectrum Licenses from EchoStar

AT&T (T) | August 26, 2025

By Mike Hernandez

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AT&T announced the acquisition of spectrum licenses from EchoStar for $23 billion, enhancing its connectivity leadership strategy.

The acquisition will add approximately 50 MHz of low-band and mid-band spectrum to AT&T's holdings, covering virtually every market in the U.S.

This strategic move positions AT&T to maintain long-term leadership in advanced connectivity across 5G and fiber services.

$23 Billion Spectrum Acquisition

AT&T's acquisition will strengthen its spectrum portfolio with nationwide mid-band and low-band licenses.

Enhanced Converged Connectivity

The transaction accelerates AT&T's growth in adding converged subscribers with 5G and home internet services.

Long-Term Partnership with EchoStar

The agreement with EchoStar includes a long-term wholesale network services partnership, enabling EchoStar to provide wireless services under the Boost Mobile brand.

Financial Guidance Reiteration

AT&T reaffirms its full-year 2025 financial guidance and capital return plans, with an expected $20 billion share repurchase capacity.

  • The acquisition strengthens AT&T's network capabilities, allowing for improved 5G coverage, reliability, and speed for consumers and businesses.
  • By expanding its spectrum holdings, AT&T is poised to lead in wireless innovation and provide enhanced connectivity services across the U.S.

AT&T's acquisition of spectrum licenses from EchoStar marks a significant step towards enhancing its connectivity offerings and maintaining industry leadership in 5G and fiber services.