Posted: Sat, Aug 30, 2025, 10:21 AM ET (1421 GMT)
EchoStar is selling spectrum to AT&T in a deal that should boost its efforts to deploy a direct-to-device satellite constellation. EchoStar will sell the terrestrial wireless spectrum to AT&T for $23 billion, ending its bid to operate as a traditional mobile carrier in the United States. The proceeds from the spectrum sale should allow EchoStar to pay down much of its more than $25 billion in debt and help it finance a $5 billion constellation of direct-to-device satellites. EchoStar ordered 100 satellites from MDA Space earlier this month for that constellation.

Related Links:

•  SpaceNews article
•  EchoStar press release