AT&T to acquire spectrum licenses from EchoStar for $23bn.

AT&T, a telecommunications company, agreed to acquire spectrum licenses from Echostar, a worldwide provider of satellite communication and Internet services, for $23bn. “This acquisition bolsters and expands our spectrum portfolio while enhancing customers’ 5G wireless and home internet experience in even more markets. No one brings wireless and fiber internet to more places or does it better than AT&T – and we do it with the industry’s first and only guarantee for both wireless and fiber. We’re adding fuel to our winning strategy of investing in valuable wireless and broadband assets to become America’s best connectivity provider,” John Stankey, AT&T Chairman and CEO.