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AT&T closes $23 billion spectrum deal with EchoStar
The acquisition adds about 50 MHz across more than 400 markets and includes a continuation of EchoStar’s Boost Mobile wholesale partnership.
AT&T has closed its $23 billion acquisition of wireless spectrum licenses from EchoStar, with the deal first announced in August 2025 and completed on July 28, according to Yahoo Finance.
The transaction adds roughly 50 MHz of low-band and mid-band spectrum covering more than 400 markets nationwide, including about 30 MHz in the 3.45 GHz mid-band and about 20 MHz in the 600 MHz low-band. AT&T said the spectrum is intended to improve 5G capacity, download speeds, and uplink performance for AI-ready connectivity.
As part of the agreement, AT&T extended its wholesale network partnership with EchoStar, with EchoStar continuing to operate as a hybrid mobile network operator and sell services under the Boost Mobile brand, with AT&T as its primary network partner. The structure is expected to create another wholesale revenue stream on top of AT&T’s own network.
The close comes as AT&T reported second-quarter results that Yahoo Finance said supported investor optimism, including revenue up a little over 2% to $31.6 billion and diluted EPS of $0.66, up from $0.62 a year earlier. The company also reiterated its fiber targets, saying it remains on track for more than 40 million fiber locations by the end of 2026 and more than 60 million by 2030.