X @Investopedia
Financial Performance - EchoStar shares skyrocketed after the sale [1] - AT&T acquired 50 megahertz of EchoStar's spectrum allocations [1] - The spectrum sale to AT&T generated approximately $23 billion for EchoStar [1] Regulatory Context - The sale occurred under pressure from federal regulators [1] Industry Dynamics - EchoStar is a DISH TV provider [1] - The spectrum sold was nationwide low- and mid-band [1]