EchoStar stock surges 75% on $23 billion AT&T wireless spectrum deal
EchoStar Corporation (NASDAQ: SATS) saw its stock price surge over 75% on Tuesday, reaching $52.80, following the announcement of a monumental $23 billion deal to sell wireless spectrum licenses to AT&T (NYSE: T). This all-cash transaction, one of the largest in recent telecom history, involves 50 MHz of nationwide low- and mid-band spectrum, including 30 … Read more