Deals
AT&T Buys Straight Path in $1.6 Billion Deal for 5G Arsenal
- No. 2 U.S. carrier seeking to take lead in mobile speed race
- Straight Path, with FCC fines piling up, had incentive to sell
Will M&A Pick-Up for the Remainder of 2017?
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AT&T Inc. agreed to buy embattled spectrum-license holder Straight Path Communications Inc. in an all-stock deal valued at $1.6 billion as the phone giant seeks to take the lead in the 5G network race.
Straight Path is one of the largest holders of 28 gigahertz and 39 GHz millimeter-wave spectrum -- frequencies the U.S. Federal Communications Commission has already approved to power the fifth-generation of wireless services, or 5G.