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EchoStar Corp.’s stock surged to an all-time high Tuesday after the company agreed to sell nationwide mid- and low-band spectrum to AT&T Inc. for $23 billion.
For AT&T
T, the move is a further bet on wireless connectivity and network enhancements in an effort to boost its 5G service offerings. The telecommunications operator has been investing in its fiber network in recent years and said that the new deal with EchoStar SATS complements those investments by strengthening the company’s wireless network nationwide and allowing it to give customers stronger connectivity services.
This post was originally published on Market Watch
