AT&T Inc

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AT&T: EchoStar Spectrum Purchase Comes at High Cost but Provides Strategic Benefits

Michael Hodel

Aug 26, 2025

AT&T will acquire 600 MHz and 3.45 GHz wireless licenses from EchoStar for up to $23 billion. Regulatory approval is far from certain, but we believe approval is more likely than not.

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AT&T Inc

AT&T: EchoStar Spectrum Purchase Comes at High Cost but Provides Strategic Benefits

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