Summary
AT&T Inc. (T) has officially closed its significant acquisition of 600 MHz and 3.45 GHz spectrum licenses from EchoStar Corporation for approximately $23 billion. This strategic move, finalized on July 28, 2026, is expected to bolster AT&T's future wireless capabilities and network capacity. To finance a portion of this substantial acquisition, AT&T drew $11.5 billion and $3.0 billion on its existing two-year and 364-day term loan facilities, respectively, totaling $14.5 billion in new borrowings. The remaining balance of the purchase price was paid in cash. This report provides disclosure on the creation of these financial obligations, with further details available in previously filed documents.
Key Highlights
- 1AT&T Mobility II LLC completed the acquisition of 600 MHz and 3.45 GHz spectrum licenses from EchoStar on July 28, 2026.
- 2The total cash consideration for the spectrum licenses was approximately $23 billion.
- 3AT&T financed $14.5 billion of the purchase price by drawing on its existing Delayed Draw Term Loan Credit Agreement.
- 4The borrowings consist of $11.5 billion on a two-year term loan and $3.0 billion on a 364-day term loan.
- 5The balance of the purchase price was paid in cash.
- 6The acquisition is expected to enhance AT&T's wireless network capabilities.
Frequently Asked Questions
AT&T Mobility II LLC acquired licenses in the 600 MHz band and the 3.45 GHz band from EchoStar Corporation and certain of its subsidiaries.
The total cash consideration for the spectrum licenses was approximately $23 billion.
AT&T financed a portion of the purchase price by drawing $14.5 billion on its Delayed Draw Term Loan Credit Agreement, specifically $11.5 billion on its two-year facility and $3.0 billion on its 364-day facility. The remainder was paid in cash.
This acquisition strengthens AT&T's spectrum holdings, which is crucial for enhancing its 5G network capacity, coverage, and future services. Investors should view this as a strategic investment in the company's core wireless business.