AT&T Acquires Spectrum from Straight Path

Posted by at 6:57 am on April 10, 2017

AT&T has agreed to acquire Straight Path in an all-stock deal worth about $1.6 billion.

Straight Path has significant spectrum holdings in the 28 GHz and 39 GHz millimeter wave bands, which will be put to use by some 5G technologies down the road.

The transaction has been approved by both companies, but it will require a thumbs up from the FCC. AT&T and Straight Path expect the deal to close in about 12 months.

Leave a Reply

Sign Up For Our Newsletter

Sign up to receive breaking news
as well as receive other site updates

Enter your Email

Preview | Powered by FeedBlitz

Log in

Copyright © 2008 - 2020 · StreetCorner Media , LLC· All Rights Reserved ·