fromFast Company
1 week agoSATS price rising: Sling TV and Dish owner EchoStar stock is entering the stratosphere today. Here's why
This morning, AT&T and EchoStar announced "a definitive agreement" that will see AT&T purchase wireless spectrum licenses from EchoStar. The deal will see AT&T pay EchoStar $23 billion in cash. In return, AT&T will acquire approximately 50 MHz of low-band and mid-band wireless spectrum. That spectrum haul includes approximately 30 MHz of nationwide 3.45 GHz mid-band spectrum and approximately 20 MHz of nationwide 600 MHz low-band spectrum, according to AT&T.
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