此次交易对市场反应明显，EchoStar股价飙升超过80%，而AT&T股价略微下跌约1%。交易完成后， AT&T将获得覆盖美国400多个市场的频谱资源，进一步增强其低频段和中频段的网络实力。双方还计 划在未来签署频谱租赁协议，以便快速向消费者部署服务。预计该交易将于2026年中期完成。 业内人士指出，这次出售是EchoStar在监管压力和财务困境下的重大转向，显示了AT&T在频谱资源争 夺中的持续加码。这笔交易不仅推动了AT&T的投资计划，而且加速了其光纤网络和5G网络建设的进 程。AT&T重新确认了其2025年财务目标，并表示计划通过现有现金和新增借款为此次频谱收购提供资 金支持。 来源：市场资讯 （来源：美股情报站） 美国电信巨头AT&T宣布以约230亿美元现金收购EchoStar持有的部分无线频谱牌照。这次交易发生在美 国联邦通信委员会对EchoStar未能按要求建设全国性5G网络展开调查的背景下。据悉，EchoStar旗下拥 有Dish Network付费电视和Boost Mobile无线业务。今年6月，EchoStar表示，监管调查已使其Boost业务 的网络建设及运营决策陷入停滞。为应对债务和维持 ...

What the market likes is that they're paying far more while AT&T is paying far more than originally EchoStar did for these licenses. That's right. So we're looking at the the stocks reacting pretty spectacularly to this deal that was announced this morning.And as you mentioned, Caroline, we are seeing kind of the latest step to resolve a regulatory probe over EchoStar potentially not pulling its licenses to the highest and best use. We know that EchoStar met with the FCC chair, Brendan Carr, and also Presid ...

AT&T to Buy EchoStar Spectrum Licenses for About $23 Billion. Listen for more on Bloomberg Intelligence. https://t.co/VlxLnV68AW ...

AT&T said Tuesday it will purchase key wireless spectrum licenses from EchoStar for about $23 billion, as the telecom provider seeks to boost its network in a competitive market.In June, President Trump prodded satellite communications and Dish TV parent EchoStar and Federal Communications Commission Chair Brendan Carr to reach an amicable deal over the fate of the company’s wireless spectrum licenses, the company said.The deal marks the latest major investment by AT&T to accelerate its fiber and 5G network ...

Shares of EchoStar skyrocketed Tuesday after the DISH TV provider, under pressure from federal regulators, sold 50 megahertz of its nationwide low- and mid-band spectrum allocations to AT&T for approximately $23 billion. https://t.co/60JtpjmRAy ...

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The team delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

周二，回声星通信(SATS.US)开盘飙升近75%，创历史新高，报52美元。消息面上，美国电话电报公司 (T.US)已同意以约230亿美元的总价收购回声星通信持有的特定无线频谱许可证。此次收购将为AT&T平 均增加约50MHz的低频段和中频段频谱资源，覆盖美国几乎所有市场，使其能够保持在5G和光纤等先 进连接技术领域的长期领导地位。该公司在声明中表示，这笔交易还将通过扩大5G无线网络和家庭互 联网服务的覆盖范围，助力公司更高效地增长。该交易预计于2026年年中完成。 ...

Summary of AT&T's M&A Announcement Conference Call Company and Industry - **Company**: AT&T (T) - **Industry**: Telecommunications Key Points and Arguments Transaction Overview - AT&T announced plans to acquire a substantial amount of mid and low band spectrum from EchoStar, aligning with its long-term strategy and goals outlined in previous investor communications [4][5][6] - The acquisition is seen as an opportunistic move to enhance shareholder returns and strengthen AT&T's position in advanced connectivity [4][5] Strategic Benefits - The transaction positions AT&T to control its spectrum assets effectively, enhancing its capabilities in 5G and fiber networks [5][6] - It aims to improve network performance and provide consumers and businesses with more choices in internet and wireless services [5][6] - The acquisition will facilitate the transition of customers from legacy services to next-generation connectivity solutions [6][7] Financial Expectations - AT&T expects the transaction to drive incremental service revenue and EBITDA within the first 24 months post-close, with adjusted EPS and free cash flow accretion anticipated in year three [10][11] - The acquisition will increase AT&T's net debt to adjusted EBITDA ratio to approximately three times, but the company is confident in returning to its target of 2.5 times within about 36 months [11][12] Capital Return Plans - AT&T reiterated its capital return plans, including $20 billion for share repurchases from 2025 to 2027, while maintaining similar levels in 2028 and 2029 [12] Spectrum Deployment - The mid-band spectrum can be deployed quickly with minimal capital investment, while the low-band spectrum will require more time and infrastructure adjustments [23][25][73] - AT&T is prepared to leverage existing infrastructure to facilitate the deployment of the new spectrum [23][25] Wholesale Strategy - The acquisition is not expected to significantly alter AT&T's wholesale strategy, but it may enhance relationships with existing partners like DISH and provide opportunities for new wholesale partnerships [42][45] - The new arrangement with EchoStar will subsume previous agreements, potentially increasing wholesale revenue [45][48] Market Position and Regulatory Considerations - AT&T's management expressed confidence in the competitive dynamics of the telecommunications market, suggesting that the acquisition will not raise significant regulatory concerns [82][84] - The company believes that the deal will ultimately benefit consumers by increasing capacity and competition in the market [84] Pricing and Value Assessment - The $23 billion price tag for the acquisition includes a premium over historical spectrum prices, but AT&T views the overall value as justified due to the strategic benefits and expected revenue growth [62][63][66] Future Outlook - AT&T plans to update its long-term financial outlook following the completion of the EchoStar transaction and other pending deals [12][13] Additional Important Content - The call emphasized the importance of public policy in supporting high-speed connectivity and the favorable regulatory environment for investment in telecommunications infrastructure [7][9] - AT&T's management highlighted the potential for emerging technologies, such as AI and IoT, to drive future demand for enhanced connectivity solutions [7][8]

AT&T agreed to buy certain wireless spectrum licenses from EchoStar for about $23 billion in cash https://t.co/e3HkXFmeWw ...

AT&T to Acquire Spectrum Licenses from EchoStar August 26, 2025 AT&T Intellectual Property and/or AT&T affiliated companies. All other marks are the property of their respective owners AT&T Proprietary (Internal Use Only) - Not for use or disclosure outside the AT&T companies except under written agreement © 2025 AT&T Intellectual Property. AT&T and globe logo are registered trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. © 2025 AT&T Intellectual Property. AT&T a ...