AT&T to acquire EchoStar spectrum licenses in $23 billion deal
AT&T will buy spectrum licenses from EchoStar for $23 billion, strengthening its wireless assets. The firms also expanded their wholesale network pact, allowing EchoStar to run as a hybrid MNO under Boost Mobile, with AT&T as its main network partner. Shares of EchoStar surged, while AT&T edged higher on the news.