Deals
Verizon Wrests Straight Path From AT&T With $3.1 Billion Bid
- Carrier prevails in bidding war that pushed up shares
- Deal gives carrier access to airwaves for 5G networks
Verizon Wins Straight Path for $3.1 Billion
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Verizon Communications Inc. is leaving nothing to chance to remain America’s wireless king.
The largest U.S. carrier won a protracted bidding war with AT&T Inc. for Straight Path Communications Inc., a tiny company that controls a vast swath of airwaves considered vital for the fifth generation of wireless services, or 5G.