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Stock impact report

AT&T bets on fiber, spectrum deals to forecast annual profit above expectations [Yahoo! Finance]

EchoStar Corporation - Common stock (SATS) 
Last echostar corporation - common stock earnings: 2/20 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.echostar.com/investors
Company Research Source: Yahoo! Finance
AT&T's stock rose 5% during premarket hours on Wednesday. The bullish forecast hinges on AT&T's infrastructure push, anchored by two ?major deals — a nearly $6 billion purchase of Lumen's consumer fiber business and a $23 billion acquisition of EchoStar's spectrum licenses. The deals are expected to close early this year and help AT&T lure customers from rivals with faster ?internet speeds and improved ?mobile coverage, capitalizing on demand for broadband as remote work, streaming and connected devices drive data consumption higher. The ?company said 42% of fiber households have also signed up for its 5G mobile service, drawn by discounts for bundling the services. AT&T said it expects 2028 ?free cash flow to be more than $21 billion, compared with analysts' ?estimate for $19.61 billion, according to data compiled by LSEG. Texas-based AT&T added 283,000 fiber customers in the fourth quarter, above 272,320 expected by analysts at Visible Alpha. Starting first quarter, AT& Show less Read more
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