EchoStar's stock climbed 70% on August 26, 2025, after the company revealed a $23 billion spectrum sale to AT&T for 50 MHz of nationwide spectrum. This deal provides a crucial lifeline for the heavily indebted company, which carries about $30 billion in total debt (a debt-to-equity ratio of 188%).
Shares in EchoStar Corporation (Nasdaq: SATS) are entering the stratosphere this morning as the company's stock price surged after the announcement of a significant deal with telecommunications giant AT&T. Currently, SATS shares are up more than 80% after AT&T agreed to pay the Sling TV and Dish Network $23 billion for some of its wireless spectrum licenses.
U.S. equities were little changed at midday on limited market-driving corporate earnings news and economic data. The Dow Jones Industrial Average, S&P 500, and Nasdaq all moved by small amounts.
EchoStar had been seeking to shield its cache of wireless spectrum licenses from the threat of revocation by the FCC.
EchoStar announced that it has agreed to sell a total of 50 megahertz (MHz) of nationwide wireless spectrum licenses to AT&T Inc (NYSE:T, ETR:SOBA) for about $23 billion in cash, sending EchoStar's stock price up more than 80% in early Tuesday trading. The deal, which involves mid-band and low-band spectrum, is expected to close in mid-2026, pending regulatory approval.
Shares of EchoStar Corp (NASDAQ:SATS) have catapulted up 76.7% to trade at $52.80 this morning, after the company sold a portion of its wireless spectrum licenses to AT&T (T) in an all-cash deal worth roughly $23 billion.
Shares of EchoStar (SATS) skyrocketed 75% in premarket trading Tuesday as the satellite TV provider, under pressure from federal regulators, sold 50 megahertz of its nationwide low- and mid-band spectrum allocations to AT&T (T) for approximately $23 billion.
AT&T will look to enhance its wireless and home-internet offerings with spectrum from EchoStar.
The two wireless network operators unveiled an agreement that will see AT&T buy EchoStar's spectrum licenses.
EchoStar Corporation (NASDAQ:SATS ) Q2 2025 Earnings Call August 1, 2025 12:30 PM ET Company Participants Dean A. Manson - Chief Legal Officer & Secretary Hamid Akhavan-Malayeri - CEO, President & Director John W.
The headline numbers for EchoStar (SATS) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
EchoStar (SATS) came out with a quarterly loss of $1.06 per share versus the Zacks Consensus Estimate of a loss of $1.12. This compares to a loss of $0.76 per share a year ago.