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EchoStar Stock Soars to Record Highs On $23 Billion AT&T Deal
Schaeffers Investment Research· 2025-08-26 14:50
Shares of EchoStar Corp (NASDAQ:SATS) have catapulted up 76.7% to trade at $52.80 this morning, after the company sold a portion of its wireless spectrum licenses to AT&T (T) in an all-cash deal worth roughly $23 billion. The transaction strengthens AT&T's position in the increasingly competitive wireless market, while for EchoStar, it eases ongoing scrutiny the organization had faced from President Donald Trump, Elon Musk, and the Federal Communications Commission over whether the DISH Network parent was m ...