Core Viewpoint - AT&T has agreed to acquire specific wireless spectrum licenses from EchoStar for approximately $23 billion, enhancing its 5G and fiber connectivity capabilities [1] Group 1: Acquisition Details - The acquisition will provide AT&T with an average increase of about 50 MHz of low-band and mid-band spectrum resources, covering nearly all markets in the U.S. [1] - The deal is expected to be completed by mid-2026 [1] Group 2: Impact on Business Operations - This transaction is anticipated to expand the coverage of AT&T's 5G wireless network and home internet services, facilitating more efficient growth for the company [1] - AT&T plans to begin deploying the mid-band licenses compatible with its 5G network as soon as possible [1] Group 3: Financial Implications - Following the announcement, EchoStar's stock surged by 60% in pre-market trading [1] - AT&T's stock rose by 1.2% in pre-market trading, and the company reaffirmed its financial guidance and capital return plans for 2025, including a projected $20 billion stock buyback capability between 2025 and 2027 [1]

Mergers and Acquisitions - AT&T to acquire EchoStar spectrum licenses for approximately $23 billion [1] Financial Implications - The deal involves a significant financial transaction for AT&T [1] Industry Focus - The acquisition relates to spectrum licenses, a key asset in the telecommunications industry [1]

格隆汇8月26日｜Echostar(SATS.US)盘前直线拉升，大涨超80%。有市场消息称，AT&T将以约230亿美 元现金从Echostar手中收购频谱牌照。 | | J 超声重量值 901 511 日K 阅文 (0X 事业 和X 15) 3.0 551 100) 15.0 300 1.048 2000 3.041 100 17, 19.8 = | | · Be = 10 D . ( ( ) > 2 VS FID LI | | --- | --- | --- | --- | | | のの中の母母のここにとってはいえないい | | | | | 如果出版 870,673 - 图图公版 17.28 - 图期价 57.730 - 新闻台 30.140 | | 图片分时 = 三 0 0 | | 96.762 | | | 10.06% | | 31.864 | | | BUN'S | | 44.968 | | | 2195% | | ਜਾਂ | | | 브로드 | | 33.0% | | | 27.51% | | 12.240 | | | 24.97% | | 11,344 | | | 用制品 | | 16.408 ...

AT&T is to buy spectrum licenses from EchoStar for about $23 billion in a deal that will expand the telecommunications company’s US network https://t.co/DemuDYsR3N ...

EchoStar to sell 3.45 GHz and 600 MHz spectrum licenses to AT&T for approximately $23 billion.Boost Mobile will continue to compete in the U.S. wireless market as a hybrid MNO, offering subscribers connectivity through Boost Mobile's cloud-native 5G core and AT&T's cell sites. ENGLEWOOD, Colo., Aug. 26, 2025 /PRNewswire/ -- EchoStar has entered into a definitive agreement with AT&T to sell the company's 3.45 GHz and 600 MHz spectrum licenses – a total of 50 MHz of nationwide spectrum – for approximately $23 ...

Core Viewpoint - AT&T is enhancing its connectivity leadership strategy through a $23 billion acquisition of wireless spectrum licenses from EchoStar, aiming to become the best connectivity provider in America [2][10]. Spectrum Acquisition Details - The acquisition involves approximately 30 MHz of nationwide 3.45 GHz mid-band spectrum and approximately 20 MHz of nationwide 600 MHz low-band spectrum, covering over 400 markets across the U.S. [5][9]. - The transaction is an all-cash deal, expected to close in mid-2026, subject to regulatory approvals [7][12]. Strategic Implications - This acquisition is expected to bolster AT&T's spectrum portfolio, enhancing 5G wireless and home internet experiences for customers [4][10]. - The company plans to deploy the mid-band licenses compatible with its 5G network as soon as possible, supporting its multi-year capital investment strategy [6][10]. Financial Outlook - AT&T reiterates its full-year 2025 financial guidance, including a $20 billion share repurchase capacity during 2025-2027 [9][14]. - The company expects its net debt-to-adjusted EBITDA ratio to increase to the 3x range post-transaction but aims to return to a 2.5x range within approximately three years [13][15]. Customer and Market Impact - The acquisition is designed to improve AT&T's ability to offer advanced connectivity, supporting the growth of converged subscribers who utilize both home internet and 5G wireless services [11][12]. - It will also facilitate the transition of customers from legacy services to next-generation connectivity options like AT&T Internet Air [11][10].

Core Insights - Google Pixel is now available on the Boost Mobile Network for the first time, allowing customers to preorder the Pixel 10 lineup at competitive prices [1][2][3] Pricing and Plans - Customers can preorder the Pixel 10 for $299.99, the Pixel 10 Pro for $399.99, and the Pixel 10 Pro XL for $499.99 with no contract or trade-in required [2][3] - Boost Mobile's Unlimited Premium plan is priced at $60 per month, and customers can also opt for a $25 per month Unlimited plan that includes one year of free wireless service when purchasing the Pixel 10 outright [3] Device Features - The Pixel 10 lineup features a powerful camera system, including a 48 MP wide camera and a 10.5 MP selfie camera, along with advanced AI capabilities powered by the Google Tensor G5 chip [2][6] - The device is designed with premium materials, has an IP68 rating for dust and water protection, and offers a battery life of over 24 hours, extendable to 100 hours with Extreme Battery Saver [6] Connectivity - Boost Mobile's 5G network provides fast and reliable connectivity, enhancing the user experience for streaming, video calls, and gaming [7][8] - The network covers 98% of the U.S. population, ensuring broad accessibility for new customers [8][9] Company Overview - Boost Mobile offers flexible and transparent wireless plans starting at $25 per month, with no annual service contracts [9] - The company is a brand under EchoStar Corporation, which is publicly traded on NASDAQ [9]

"Sling Select is perfect for customers who want a streamlined, cost-effective way to enjoy the channels they love," said Seth Van Sickel, Senior Vice President, Product and Operations, Sling TV. "With the freedom to choose what you watch and how much you pay, Sling continues to lead the way in TV that works for real people." ENGLEWOOD, Colo., Aug. 19, 2025 /PRNewswire/ -- Sling TV, the most flexible live streaming platform, announced the launch of its newest offering, Select, available nationwide starting t ...

Financial Data and Key Metrics Changes - Revenue for the second quarter was approximately $3.7 billion, a decrease of 5.8% year over year, primarily due to fewer subscribers in the Pay TV and Broadband segments, partially offset by increased ARPU in the Wireless segment [21][27] - OIBDA was $280 million, a decrease of $163 million year over year, driven by fewer subscribers in Pay TV and increased operating loss in Wireless due to higher subscriber acquisition efforts [21][22] - Free cash flow including debt service was negative $739 million for the second quarter, compared to negative $191 million in the prior year, primarily due to higher cash interest and decreased OIBDA [22][23] Business Line Data and Key Metrics Changes - Wireless segment revenue increased by 4.7% to $935 million, driven by a 4.1% increase in ARPU to $3,007.40, with a net addition of approximately 212,000 subscribers, ending the quarter with about 7.4 million subscribers [26][15] - Pay TV revenue decreased by 8% to $2.5 billion due to a lower average subscriber base, despite a 3.1% increase in ARPU; OIBDA decreased significantly from $753 million to $90 million [27][19] - Broadband and Satellite Services revenue decreased by 13.8% to $340 million, primarily due to lower sales of consumer broadband services [28] Market Data and Key Metrics Changes - The wireless segment's churn rate improved to 2.69%, a 24 basis point improvement year over year, indicating better subscriber retention [15] - Pay TV churn was reported at 1.29%, a reduction of roughly 11 basis points from 2024, with viewership up 8% year over year [19][20] - HughesNet consumer business closed Q2 with approximately 820,000 broadband subscribers, focusing on higher value customers to deliver increased ARPU [18] Company Strategy and Development Direction - The company is committed to securing its future and promoting U.S. leadership in global communications, with a focus on launching a new LEO Direct to Device satellite constellation to provide global wideband services [11][12] - The strategy includes leveraging spectrum rights and technological leadership to provide dedicated capacity and security services across various sectors [12][13] - The company aims to complement terrestrial networks with satellite capabilities, enhancing coverage and reducing costs for carriers [53][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the overall performance for the second quarter and the opportunities in 2025, focusing on positive operating free cash flow and subscriber profitability [34] - The ongoing FCC review of spectrum licenses has introduced uncertainty, impacting the company's ability to make decisions regarding its 5G network build-out [7][8] - Management emphasized the importance of collaboration with the FCC and other entities to reach a constructive solution beneficial to the company and consumers [10][67] Other Important Information - The company has invested over $13 billion in S band spectrum rights since 2012, which will support the new satellite constellation [12] - The launch of the satellites is planned for 2028, with commercial services starting in 2029, and the peak funding for the project is estimated at $5 billion [14][50] - The company has a going concern qualification in its 10-Q, indicating the need to project its cash position one year from the filing date [24][25] Q&A Session Summary Question: Regarding the LEO constellation and market strategy - Management clarified that the LEO constellation aims to provide wideband services, which is a unique offering not currently available in the market, and they plan to partner with carriers rather than compete directly [39][40][49] Question: On the FCC review and market position - Management stated that they are focused on operating effectively as the fourth network operator and are working constructively with the FCC to resolve issues [62][64] Question: Clarification on funding and service capabilities - The peak funding for the LEO project is $5 billion, which includes all associated costs, and the service will aim to provide comprehensive connectivity indistinguishable from terrestrial networks [77][80]

Financial Data and Key Metrics Changes - Revenue for the second quarter was approximately $3.7 billion, a decrease of 5.8% year over year, primarily due to fewer subscribers in the Pay TV and Broadband segments, partially offset by increased ARPU in the Wireless segment [17][24] - OIBDA was $280 million, a decrease of $163 million year over year, driven by fewer subscribers in Pay TV and increased operating loss in Wireless due to higher subscriber acquisition efforts [17][24] - Free cash flow including debt service was negative $739 million for the second quarter, compared to negative $191 million in the prior year, primarily due to higher cash interest and decreased OIBDA [18][19] Business Line Data and Key Metrics Changes - Wireless segment revenue increased by 4.7% to $935 million, driven by a 4.1% increase in ARPU to $3,007.40, mainly due to a shift to higher-priced service plans [21] - Pay TV revenue decreased by 8% to $2.5 billion due to a lower average subscriber base, despite a 3.1% increase in ARPU [23] - Broadband and Satellite Services revenue decreased by 13.8% to $340 million, primarily due to lower sales of consumer broadband services and enterprise hardware [24] Market Data and Key Metrics Changes - The wireless segment added approximately 212,000 net subscribers, ending the quarter with about 7.4 million subscribers, with a churn rate of 2.69%, an improvement of 24 basis points year over year [12][21] - Pay TV segment churn was 1.29%, a reduction of roughly 11 basis points from 2024, with viewership up 8% year over year [15] - HughesNet consumer business closed Q2 with approximately 820,000 broadband subscribers, delivering higher ARPU by focusing on higher-value customers [14] Company Strategy and Development Direction - The company is focused on securing its future and promoting U.S. leadership in global communications, with a new agreement for a LEO Direct to Device satellite constellation to provide global wideband services [8][9] - The strategy includes leveraging spectrum rights and technological leadership to provide dedicated capacity and security services across various sectors [9][10] - The company aims to integrate terrestrial and satellite connectivity, enhancing its position in the telecommunications market [28] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the overall performance for the second quarter and the opportunities in 2025, focusing on positive operating free cash flow and subscriber profitability [29] - The ongoing FCC review of spectrum licenses has introduced uncertainty, impacting the company's ability to make decisions regarding its 5G network build-out [5][6] - Management emphasized the importance of resolving the FCC issues promptly to maintain competitive positioning and market opportunities [64][66] Other Important Information - The company has invested over $13 billion in S band spectrum since 2012, with plans for a new satellite constellation expected to launch in 2028 [9][11] - The company has a going concern qualification in its 10-Q, indicating the need to project cash position one year from the filing date [20] Q&A Session All Questions and Answers Question: Can you elaborate on the LEO constellation and potential partnerships? - Management stated that they believe they have everything in-house to make the LEO project happen but remain open to partnerships, emphasizing their unique position in the market [46][48] Question: What is the go-to-market strategy as the fourth network operator? - Management indicated that they are focused on maximizing shareholder value and competing effectively as the fourth player, without predicting market changes [58][60] Question: What is the expected timeline for resolution with the FCC? - Management noted that while they are actively working with the FCC, they cannot predict a specific timeline but expect a resolution not to be far off [64][66] Question: What is the capital investment structure for the LEO project? - Management clarified that the $5 billion peak funding is the overall investment needed for the project, with the first $1.3 billion committed for satellite manufacturing [72][73] Question: How will the service capabilities look in 2028? - Management envisions offering comprehensive services indistinguishable from current mobile services, with a focus on global coverage and collaboration with carriers [75][80]