AT&T to acquire wireless carrier Straight Path in $1.6B deal for its spectrum, ahead of 5G push, paying almost 3x Straight Path's stock price
AT&T has announced plans to acquire Straight Path Communications which holds a nationwide portfolio of millimeter wave (mmWave) spectrum, including 39 GHz and 28 GHz licenses. This acquisition complements AT&T's January acquisition of FiberTower and augments the company's holdings of mmWave spectrum.
The acquisition will support AT&T's leadership in 5G, which will accelerate the delivery of new experiences for consumers and businesses like virtual and augmented reality, telemedicine, autonomous cars, smart cities and more.
