AT&T to buy wireless spectrum licenses from EchoStar for $23B in bid to lure more subscribers
1. AT&T plans to purchase spectrum licenses from EchoStar for $23 billion. 2. The deal aims to enhance AT&T's competitive edge in 5G and fiber markets. 3. EchoStar's shares rose 79% following the announcement, while AT&T's dropped 1.5%. 4. The licenses will strengthen AT&T's low-band and mid-band spectrum holdings. 5. AT&T added 401,000 wireless subscribers in the last quarter, indicating growth.