Dish Sells $23B in 5G Spectrum to AT&T, Fourth Carrier Dream Ends
2025-08-27
EchoStar, Dish's parent company, sold a significant portion of its 5G spectrum licenses to AT&T for $23 billion. This marks the end of Dish's ambition to be the fourth major US wireless carrier. Dish had invested billions in building a 5G network and acquiring Boost Mobile to fulfill a Department of Justice mandate. However, mounting debt and FCC scrutiny led to the spectrum sale. Dish will now become a hybrid mobile network operator, relying on AT&T and T-Mobile's infrastructure. While the deal helps EchoStar pay down debt, the future of its independent 5G network, Project Genesis, remains uncertain.