The telecom giant said that the licenses cover over 400 markets and that the deal will strengthen its low-band and midband spectrum holdings.

The deal will not affect the operations of EchoStar’s other businesses, including Dish TV, Sling and Hughes. The companies said the transaction is expected to close in mid-2026, subject to certain closing conditions including regulatory approvals. AT&T has the option to lease the spectrum prior to the official deal close.

Part of the firm's efforts to resolve FCC inquiries and boost its balance sheet, it "puts our business on a solid financial path," says CEO and president Hamid Akhavan.