For EchoStar, the infusion of $23 billion in cash will alleviate investor concerns over its significant debt. EchoStar’s deal to sell Dish Network to DirecTV last year was scrapped after EchoStar bondholders rejected the debt-exchange terms that would have reduced the vale of their holdings.

Part of the firm's efforts to resolve FCC inquiries and boost its balance sheet, it "puts our business on a solid financial path," says CEO and president Hamid Akhavan.

AT&T, Inc. T recently announced that it is set to acquire wireless spectrum licenses from EchoStar SATS. The deal, valued at $23 billion, is set to add approximately 20 MHz of nationwide 600 MHz low-band spectrum and about 30 MHz of nationwide 3.