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.

AT&T will spend $23 billion to acquire certain wireless spectrum licenses from EchoStar, a significant expansion of AT&T’s low- and mid-band coverage networks.

AT&T said on Tuesday it will purchase key wireless spectrum licenses from EchoStar for about $23 billion, as the the U.S. telecom provider seeks to boost its network in a competitive market. In June,