AT&T’s $23B Deal: EchoStar or Ericsson—Who Wins Big?
EchoStar announced it will sell nearly nationwide spectrum holdings in the 3.45 GHz band and the 600 MHz band (a total of 50 MHz) to AT&T for $23 billion. This is one of AT&T’s largest spectrum deals in recent years.
The biggest beneficiary may be Ericsson, since AT&T’s RAN supplier is almost exclusively Ericsson.
EchoStar’s stock has soared 70% on news. After rally, is there still room for arbitrage in this acquisition?
Between Ericsson and EchoStar, who is the biggest winner of this deal?