United States carriers are spending big bucks to acquire more wireless spectrum, especially with 5G on the horizon. T-Mobile recently won a bidding war for a large chunk of the 600Mhz spectrum, and AT&T was preparing to buy Straight Path Commutations last month. However, it turns out that Verizon will be buying Straight Path instead, after winning a bidding war against AT&T.
Straight Path Communications is a spectrum asset company, who owns licences for some of the 39GHz and 28GHz bands.
Verizon out-bids AT&T for Straight Path Communications, will pay $3.1 billion for more 5G spectrum was written by the awesome team at Android Police.