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EchoStar Stock Soars 70% as It Sells Spectrum to AT&T for $23B Amid FCC Pressure

EchoStar Stock Soars 70% as It Sells Spectrum to AT&T for B Amid FCC Pressure

Key Takeaways DISH TV operator EchoStar announced the sale of low- and mid-band spectrum allocations to AT&T for $23 billion. The two firms also agreed to change their earlier network services deal to create a hybrid mobile operator relationship. EchoStar said the transaction resolves issues with federal regulators, who have been investigating whether it was meeting it wireless and satellite …

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