Stefan Mileschin

After the 5G, 24 GHz and 39 GHz bands

AT&T has announced a plan to spend $1.6 billion to Straight Path Communications in an all-stock deal aimed at bulking up the carrier’s portfolio of millimeter wave spectrum. As you can imagine, you will need these bands for the 5G millimeter waves.

The shareholders will receive $1.25 billion, or $95.63 per share, and the amount will be paid in AT&T stock. The $1.6 billion acquisition sum includes the penalties Straight Path owes the FCC.

The transaction has a total value of $1.6 billion including those penalties.

http://fudzilla.com/43342-at-t-to-ac...or-1-6-billion