"This acquisition bolsters and expands our spectrum portfolio while enhancing customers' 5G wireless and home internet experience in even more markets,"
"We're adding fuel to our winning strategy of investing in valuable wireless and broadband assets to become America's best connectivity provider."
"This transaction puts our business on a solid financial path, further facilitating EchoStar's long-term success, and enhancing our ability to innovate and compete as a hybrid network operator,"
"The proceeds of this transaction will be used for, among other things, retiring certain debt obligations and funding EchoStar's continued operati"
EchoStar, valued around $14.5 billion, sold its American spectrum allocation to AT&T for $23 billion. AT&T will acquire 30 MHz of nationwide 3.45 GHz mid-band spectrum and approximately 20 MHz of nationwide 600 MHz low-band spectrum to improve nationwide 5G wireless and home internet coverage. EchoStar will become a smaller ISP and transition into a hybrid mobile network operator under AT&T's aegis while Dish Network, Boost Mobile, Sling TV and the Open RAN network remain unaffected. The transaction helps address FCC complaints about unused spectrum. Proceeds will be used to retire debt and fund continued operations and innovation.
Read at Theregister
Unable to calculate read time
Collection
[
|
...
]