EchoStar stock skyrockets 80% on AT&T deal to buy wireless spectrum for $23 billion

EchoStar said in a regulatory filing that the transaction is part of the company's "ongoing efforts to resolve the Federal Communications Commission's inquiries."The sale will add about 50 megahertz of mid-band and low-band spectrum to AT&T's network, with the licenses covering more than 400 markets across the U.S., AT&T said. The deal is expected to close in mid-2026, pending regulatory approval.EchoStar stock roared more than 80% higher on Tuesday after AT&T said it agreed to purchase certain wireless spe ...