AT&T Taps Ericsson to Deploy Newly Acquired EchoStar Spectrum
T sits 18% above its 52-week low of $19.89 on light trading volume (0.1× avg).
Summary
AT&T is partnering with Ericsson to deploy 600MHz dual-band radios using the spectrum it just acquired from EchoStar. The move aims to boost indoor coverage, call reliability, and data speeds. This follows the $23 billion spectrum deal closed on July 28, putting those assets to work quickly. The partnership signals a concrete step in network modernization, though timing and commercial availability details are still pending.
At the time of this announcement, T was trading at $23.48 on NYSE in the Technology sector, with a market capitalization of approximately $160.9B. The 52-week trading range was $19.89 to $29.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.