EchoStar Soars: AT&T Deal Sends Stock Skyward

EchoStar's stock skyrocketed nearly 80% after announcing a $2.3 billion deal to sell spectrum licenses to AT&T, sending shares to a 52-week high! This all-cash deal not only boosts EchoStar's finances but also strengthens their partnership with AT&T, ensuring Boost Mobile continues running on AT&T's network. Investors are bullish, viewing this as a game-changer, contributing to EchoStar's impressive 133% year-to-date stock surge. Hosted on Acast. See acast.com/privacy for more information.