Group 1 - AT&T announced the acquisition of certain wireless spectrum licenses from EchoStar for approximately $23 billion in cash, amid an investigation by the FCC into EchoStar's failure to build a nationwide 5G network [1][2] - Following the announcement, EchoStar's stock surged over 80%, while AT&T's stock experienced a slight decline of about 1% [1] - The acquisition will provide AT&T with spectrum resources covering over 400 markets in the U.S., enhancing its low-band and mid-band network capabilities [1][2] Group 2 - The sale represents a significant shift for EchoStar under regulatory pressure and financial difficulties, while AT&T continues to strengthen its position in the spectrum resource competition [2] - AT&T reaffirmed its financial targets for 2025 and plans to fund the spectrum acquisition through existing cash and new borrowings [2] - The transaction has garnered widespread attention in the industry, with market reactions indicating strong expectations for the $23 billion deal, reinforcing AT&T's network advantages and leadership in the U.S. telecom sector [2]