Phone Scoop

printed September 24, 2017
See this page online at:
http://www.phonescoop.com/articles/article.php?a=19075

Home  ›  News  ›

Verizon Outbids AT&T for Straight Path

Article Comments  

May 11, 2017, 7:12 AM   by Eric M. Zeman   @phonescooper

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 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. Once the AT&T deal was announced, Verizon entered its own offer for the spectrum company. Verizon and AT&T have traded bids over the last few weeks. Straight Path this week said it has received an offer of $3.1 billion from a large communications company. While it didn't name Verizon specifically, Straight Path said it will terminate the agreement it had with AT&T. Verizon will pay AT&T a $38 million cancellation fee on behalf of Straight Path. Straight Path didn't indicate when it expects the new agreement to close.

more info at Reuters »

more news about:

Verizon Wireless
AT&T
 

AD

Comments

This forum is closed.

This forum is closed.

No messages

 
 
Page  1  of 1

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram

 

All content Copyright 2001-2017 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.
1

This is a preview. Click for full glossary page.