AT&T (NYSE:T) announced Tuesday that it will purchase spectrum licenses from EchoStar (NASDAQ:SATS), reinforcing its investment in essential U.S. communications infrastructure.
The deal supports AT&T’s strategy to solidify its position as a leading provider of converged connectivity services across the country.
“This acquisition is a strategic step in strengthening our communications infrastructure capabilities,” the company said, though the financial terms of the agreement were not disclosed.
The move aligns with AT&T’s broader objective of becoming the top connectivity provider in the United States.
EchoStar Corporation stock price
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