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Communications services provider EchoStar's shares jumped by a whopping 80% in trading today after AT&T announced that it would buy the firm's wireless spectrum licenses for 3.45 GHz and 600 MHz frequency bands. AT&T will pay a whopping $23 billion for the licenses, and the deal comes after EchStar faced the threat of license revocation by the FCC. The deal will allow AT&T to accelerate its fiber deployment in America, and it comes after President Trump nudged EchoStar and FCC leadership to resole their conflicts related to the former's network rollout in America.

EchoStar Is Now In Full Liquidation Mode, Says Moffett Nathanson

According to EchoStar

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