AT&T 8-K

Summary

AT&T closed its acquisition of wireless spectrum licenses from EchoStar for ≈$23B in cash. The licenses add ≈50 MHz of nationwide spectrum—≈30 MHz in the 3.45 GHz mid-band and ≈20 MHz in the 600 MHz low band—covering virtually every U.S. market. AT&T says the spectrum will increase 5G capacity and download speeds; it reiterated its Q2 2026 financial outlook and capital allocation plan.

Key Figures

• Purchase price: ≈$23B, paid partly with $14.5B drawn on term loans and the balance in cash.
• Financing: $11.5B drawn on a two-year term loan and $3.0B on a 364-day term loan, both under AT&T’s $17.5B delayed-draw term loan facility.

Guidance

Q2 2026 financial outlook and capital allocation plan reaffirmed; figures not restated in this filing.

Investor Takeaways

• Watch for the spectrum’s effect on nationwide 5G capacity and download speeds as AT&T deploys it.