AT&T Closes $23 Billion Acquisition of Spectrum Licenses from EchoStar

AT&T announced it has completed the acquisition of wireless spectrum licenses from EchoStar Corporation for approximately $23 billion in cash. The transaction adds significant low-band and mid-band spectrum to AT&T's portfolio, intended to enhance its 5G network capacity and performance nationwide.

Key Details

• Transaction Value: The total purchase price was approximately $23 billion in cash, closing on July 28, 2026.
• Acquired Assets: The deal includes licenses for nationwide spectrum in the 600 MHz band (low-band) and the 3.45 GHz band (mid-band).
• Financing: AT&T financed a portion of the purchase by drawing a total of $14.5 billion from its term loan facilities ($11.5B from a two-year facility and $3.0B from a 364-day facility), with the remainder paid in cash.