AT&T to Acquire Straight Path for 5G Spectrum
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.
Verizon Outbids AT&T for Straight Path
Verizon Communications has won a bidding war for Straight Path Communications. AT&T announced plans to acquire Straight path for $1.6 billion last month.
Straight Path to Pay FCC $100M for Squatting On 5G Spectrum
The FCC has fined Straight Path Communications $100 million for failing to deploy wireless service in accordance with spectrum license requirements. Straight Path is sitting on approximately 1,000 licenses for spectrum in the 39 GHz band, which will eventually be used for 5G.
Microsoft to Buy LinkedIn for $26.2 Billion
Microsoft today said it has agreed to acquire LinkedIn for $26.2 billion. LinkedIn is well known as a professional networking and employment resource for companies and job seekers alike.
FCC Sets Framework for 5G Airwaves
The FCC today adopted a new set of rules that will govern next-generation 5G networks and technologies. Specifically, the FCC defined and opened up nearly 11 GHz of high-frequency spectrum above the 28 GHz band.