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AT&T snatches up wireless spectrum licenses from EchoStar for $23 billion

The deal also fortifies the long-term services agreement between AT&T and EchoStar, enabling the latter to operate as a hybrid mobile network operator providing wireless service under its Boost Mobile brand.

FILE – In this Oct. 24, 2016, file photo, the AT&T logo is positioned above one of its retail stores, in New York. (AP Photo/Mark Lennihan, File)
FILE – In this Oct. 24, 2016, file photo, the AT&T logo is positioned above one of its retail stores, in New York. (AP Photo/Mark Lennihan, File)
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Shares of EchoStar soared 76% at the opening bell Tuesday.

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