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 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.
Samsung Makes Deepsea Blue Note8 Available to U.S. Consumers
Samsung today said it will sell the Deepsea Blue color variant of the Galaxy Note8 smartphone in the U.S. Since launch, the device has only be available to U.S.
Walmart Selling ZTE Lever LTE Phablet for Straight Talk
Walmart recently added the ZTE Lever LTE to its lineup of handsets for Straight Talk Wireless. The Lever LTE is a phablet boasting a 6-inch 720p display protected by Gorilla Glass.
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.
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.
Verizon Picks Up XO's Fiber Network to Beef Up Backhaul
Verizon Communications today said it has agreed to acquire XO Communications' fiber business for $1.8 billion. The deal, says Verizon, will help it serve its enterprise and wholesale customers, as well as allow Verizon to further densify its cellular network.