Closing Bell: EchoStar Soars, Dr. Pepper Slides, Constellation Brands Fizzle
On this episode of Stock Movers:Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Isabelle Lee EchoStar (SATS) has agreed to sell spectrum licenses to AT&T Inc. for about $23 billion in a deal that will help the company stay out of bankruptcy and fend off regulatory concerns about its airwave use. The sale will expand AT&T’s network and add about 50 MHz of low-band and mid-band spectrum in an all-cash transaction, the Dallas, Texas-based…
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