Charlie Ergen ‘s telecom giant EchoStar unveiled a definitive agreement with AT&T to sell spectrum licenses for approximately $23 billion.

The company said on Tuesday that the deal covers “a total of 50 MHz of nationwide spectrum,” including 3.45 GHz and 600 MHz spectrum, subject to regulatory approval. “In addition, the companies have amended their network services agreement to create a hybrid mobile network operator (MNO) relationship,” the firms said. “This transaction is part of EchoStar ‘s ongoing efforts to resolve the Federal Communications Commission’s inquiries.”

Charlie Ergen ‘s telecom giant EchoStar unveiled a definitive agreement with AT&T to sell spectrum licenses for approximately $23 billion.

The company said on Tuesday that the deal covers “a total of 50 MHz of

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