AT&T Inc. (T) secures Baa2 rating from Moody’s due to $23B acquisition of spectrum from EchoStar Corporation. The deal includes 30 MHz of nationwide 3.45 GHz mid-band spectrum and 20 MHz of nationwide 600 MHz low-band spectrum. Moody’s expects AT&T to lower its debt ratio to 3.5 times or less within two years post-acquisition. The agreement will help AT&T advance its convergence strategy and maintain a $20 billion capital return objective, leading to significant operational efficiencies. The telecommunications company offers a range of connectivity services globally, including wireless, mobile, fiber internet, and 5G networks.

Read more at Yahoo Finance: Moody’s Asserts AT&T Inc. (T)’s Baa2 Status on $23B EchoStar Spectrum Acquisition