AT&T acquires $23 billion worth of spectrum licenses from EchoStar

AT&T is set to acquire $23 billion worth of spectrum licenses from EchoStar, the parent company of Dish Network, Sling TV and Boost Mobile. The deal will see AT&T gain control of approximately 50MHz of low-band and mid-band spectrum, which are frequencies commonly used in 5G and LTE networks.EchoStar had been under pressure from the FCC to build out the spectrum in its portfolio or consider divesting it. The FCC's regulations take a 'use it or lose it' approach to ensure that the spectrum licenses granted by the government actually lead to real service for customers and not spectrum...