finance.yahoo.com

AT&T Closes $23 Billion Spectrum Deal, Expanding Nationwide 5G Capacity

AT&T logoAT&T
Sig5.72Sen+1.45Env0.00Soc+0.85Gov+0.25

AT&T closed its $23 billion acquisition of wireless spectrum licenses from EchoStar on July 28, adding about 50 MHz of low- and mid-band spectrum covering more than 400 markets. The deal is positioned to support wholesale revenue and continued 5G/fiber growth targets, though telecom investors remain wary of SpaceX’s satellite disruption potential.

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