Deals
After Losing Bidding War, AT&T Has No Straight Path to 5G
- Phone giant left to fight FCC for more FiberTower licenses
- Carriers racing to build premier 5G wireless network by 2020
Verizon Wins Straight Path for $3.1 Billion
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Now that AT&T Inc. has surrendered in the bidding war over Straight Path Communications Inc., the telecommunications giant must choose whether to hold out for the chance to buy similar assets or pick another direction in the race to 5G.
Acquiring Straight Path for it vast swath of high-frequency airwaves would have helped AT&T build a nationwide 5G network connecting millions more devices at blazing-fast speeds. Instead, with its winning $3.1 billion offer, Verizon Communications Inc. is positioning itself to remain America’s wireless king.