U.S. stocks surged | EchoStar Communications (SATS.US) jumped nearly 75% AT&T proposed to acquire specific wireless spectrum licenses for $23 billion.

According to the Securities Times APP, on Tuesday, EchoStar Communications (SATS.US) surged nearly 75% at the opening, reaching a historic high of $52. In terms of news, AT&T has agreed to acquire specific wireless spectrum licenses held by EchoStar Communications for a total price of about $23 billion. This acquisition will provide AT&T with an average increase of approximately 50MHz in low and mid-band spectrum resources, covering almost all markets in the United States, allowing it to maintain a long-term leadership position in advanced connectivity technologies such as 5G and fiber optics. The company stated that this deal will also help drive more efficient growth through expanding coverage of 5G wireless networks and home internet services. The transaction is expected to be completed by mid-2026.