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AT&T Acquires Spectrum Licenses in $23 Billion Deal

Story Highlights
  • AT&T is acquiring spectrum licenses from EchoStar for $23 billion to enhance its 5G and fiber services.
  • The acquisition supports AT&T’s strategy to lead in U.S. connectivity, with the deal closing expected by mid-2026.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AT&T Acquires Spectrum Licenses in $23 Billion Deal

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AT&T ( (T) ) has provided an update.

On August 25, 2025, AT&T Mobility II LLC, a subsidiary of AT&T Inc., entered into a $23 billion agreement to acquire wireless spectrum licenses from EchoStar Corporation. This acquisition aims to enhance AT&T’s spectrum portfolio, supporting its strategy to lead in 5G and fiber connectivity across the U.S. The transaction, expected to close in mid-2026, will enable AT&T to expand its 5G coverage and improve its home internet services, positioning the company as a leader in advanced connectivity. The deal also includes a long-term network services agreement with EchoStar, allowing it to operate under the Boost Mobile brand. AT&T plans to finance the purchase with cash and borrowings, expecting to maintain its financial targets and leverage ratios over time.

The most recent analyst rating on (T) stock is a Buy with a $32.00 price target. To see the full list of analyst forecasts on AT&T stock, see the T Stock Forecast page.

Spark’s Take on T Stock

According to Spark, TipRanks’ AI Analyst, T is a Outperform.

AT&T’s overall stock score is driven by strong financial performance and positive earnings call sentiment. Technical indicators support a bullish outlook, while strategic corporate events bolster long-term growth prospects. However, reliance on debt and valuation concerns slightly temper the score.

To see Spark’s full report on T stock, click here.

More about AT&T

AT&T Inc. is a leading telecommunications company in the United States, primarily offering wireless and fiber internet services. The company focuses on providing advanced connectivity solutions, including 5G and fiber networks, across a wide range of markets in the U.S.

Average Trading Volume: 31,380,501

Technical Sentiment Signal: Buy

Current Market Cap: $205.5B

See more insights into T stock on TipRanks’ Stock Analysis page.

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