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EchoStar’s $40bn Spectrum Sale Gets FCC Approval
May 13, 2026
EchoStar’s $40bn spectrum sale to AT&T and SpaceX was approved by the FCC. AT&T is paying $23bn for roughly 50 MHz of spectrum to bolster its 5G network, particularly in rural and underserved areas. SpaceX is spending $17bn for 65 MHz to advance Starlink’s device-to-device satellite service. AT&T and EchoStar will create a hybrid Mobile Virtual Network Operator arrangement that ensures the continued viability of Boost Mobile, the FCC said. The deal also grants SpaceX the flexibility to deploy its new spectrum across terrestrial, satellite, and hybrid network architectures. AT&T is also being required to roll out its network on an accelerated timeline beyond what it originally proposed. The approval follows pressure from President Trump urging EchoStar and FCC Chairman Brendan Carr to finalize a spectrum deal. As a condition of approval, EchoStar must fund a $2.4bn escrow account to address concerns that it has not paid contractors for 5G tower construction work. The FCC indicated it would leave those payment disputes to the courts, with the escrow serving as a financial backstop. EchoStar welcomed the overall approval but pushed back on the escrow requirement, calling it unprecedented and saying it was still weighing its next steps.
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