AcquisitionsJul 28, 2026, 04:27 PM
AT&T Closes $23B Spectrum Acquisition from EchoStar
AI Summary
AT&T Inc. announced the closing of its previously disclosed acquisition of spectrum licenses from EchoStar Corporation for approximately $23 billion. The transaction, completed on July 28, 2026, involved AT&T Mobility II LLC acquiring licenses in the 600 MHz and 3.45 GHz bands. To finance a portion of the purchase, AT&T drew $14.5 billion from its term loan facilities. This acquisition is expected to significantly boost AT&T's 5G capacity and download speeds across the U.S., and the company reiterated its financial outlook.
Key Highlights
- AT&T closed the acquisition of spectrum licenses from EchoStar Corporation.
- Total cash consideration for the acquisition was approximately $23 billion.
- Acquired licenses include 600 MHz and 3.45 GHz bands, covering virtually every U.S. market.
- AT&T drew $11.5 billion and $3.0 billion from its term loan facilities to finance the purchase.
- The acquisition adds approximately 50 MHz of low-band and mid-band spectrum.
- The added spectrum boosts AT&T's 5G capacity and download speeds nationwide.
- AT&T reiterated its financial outlook and capital allocation plan.
Price Impact
More from T