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