AT&T buys EchoStar's wireless spectrum for $23 billion to expand 5G coverage nationwide.

AT&T is buying wireless spectrum licenses from EchoStar for $23 billion, boosting its 5G network capabilities across over 400 U.S. markets. The deal, set to close in mid-2026, will allow AT&T to expand its network, while EchoStar will use the funds to pay off debt and invest in growth. This transaction is part of EchoStar's efforts to address FCC inquiries.