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EchoStar soars further into record territory after a $17 billion deal to sell spectrum to Elon Musk's SpaceX.
SpaceX will pay up to $8.5 billion in cash and up to $8.5 billion in stock in the transaction.
AT&T's $23B spectrum acquisition from EchoStar is a strategic move to expand growth opportunities. The deal will take about 36 months to become accretive (after the deal closes). Management aims to reduce the debt ratio post-acquisition over approximately 36 months.
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Billy Duberstein and/or his clients have positions in T-Mobile US. The Motley Fool recommends T-Mobile US.
A TD Cowen analyst thinks AT&T could purchase additional spectrum from EchoStar, while DirecTV, Verizon and T-Mobile are other potential buyers.
EchoStar Corp SATS shares rose sharply during Wednesday's session, driven by a landmark $23 billion deal to sell a significant portion of its wireless spectrum portfolio to AT&T Inc T.
At the end of August, the market delivered a swift and decisive verdict on EchoStar Corporation NASDAQ: SATS. In a single trading session, this legacy stock in the communication sector surged over 75%, increasing its market capitalization by billions within hours.
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%).
As previously reported, BofA analyst Michael Funk downgraded SBA Communications (SBAC) to Neutral from Buy with a price target of $230, down from $260, following the AT&T (T) and EchoStar (SATS) mid-band spectrum deal announcement. EchoStar exposure is not unique to SBA or towers and the firm does not expect the churn to be outsized for SBA, but it highlights the potential for incremental deployments on the AT&T side to be longer-dated and views positive catalysts as "longer-dated" post the announcement. SBA Communications -2.73 (-1.23%) EchoStar +20.99 (+70.25%) AT&T -0.18 (-0.63%)