EchoStar Raises $31 Billion Selling Spectrum to AT&T, SpaceX

EchoStar has generated $31.2 billion from selling wireless spectrum licenses to AT&T and SpaceX, with $23 billion from AT&T and $17 billion from SpaceX, resulting in a cash position of $24.1 billion after using $11.4 billion to pay down debt. The Federal Communications Commission ended its investigation into EchoStar’s slow 5G rollout following these transactions, alleviating regulatory pressure. Despite the sales, EchoStar retains important AWS-3 spectrum assets and plans to expand its Boost Mobile hybrid mobile virtual network operator by leveraging AT&T’s network and integrating Starlink satellite technology. CEO Hamid Akhavan and Chair Charlie Ergen highlighted that the FCC’s prior regulatory actions limited EchoStar’s options, prompting the company to strengthen its financial position and pursue new growth strategies. EchoStar will continue operating its satellite TV and streaming services while shifting its internet service focus toward enterprise customers. The deals position EchoStar to make significant investments in wireless, satellite, and technology sectors, signaling a strategic shift toward innovation and expanded network integration.