Home › News ›

Verizon Outbids AT&T for Straight Path

Article Comments

May 11, 2017, 7:12 AM by Eric M. Zeman

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.

Reuters »

Related

AST SpaceMobile Successfully Launches First Five Commercial Sats

Sep 12, 2024
This morning, a SpaceX rocket successfully took five new satellites into orbit that will eventually provide satellite service (including 5G data) for existing AT&T and Verizon cell phones in places without cellular coverage. The launch of these "BlueBird" satellites operated by AST SpaceMobile follows a successful testing campaign using "BlueWalker" test satellites (already in orbit) to validate the technology.

Motorola Gives its Stylus Phone a Spec Bump

May 9, 2024
Motorola has revealed the 2024 edition of its moto g stylus 5G , a model that typically sits near the upper end of its moto g series of affordable phones. The new model addresses most shortcomings of last year's model, adding wireless charging and boosting the wide-angle camera resolution from 8 megapixel to a more-useful 13 megapixel.

Motorola Brings More Affordable 5G Phones to its 2024 Lineup

Mar 12, 2024
Motorola has announced the 2024 editions of the moto g 5G and moto g power 5G, priced at $200 and $300, respectively (MSRP, unlocked). Both phones offer 5G, a vegan leather finish on the back, 120 Hz display refresh, 50 megapixel main camera, 5,000 mAh battery, 128 GB storage (expandable), NFC, fingerprint reader (on the side), and a headset jack.

Apple Watch Series 9 Detects Finger Gestures, Brings Siri On-Device

Sep 12, 2023
Apple has announced Apple Watch Series 9, a major upgrade of the internal components to enable new features. The new S9 chip includes a quad-core neural engine with twice the machine learning performance.

Verizon, AT&T Moving Forward with C-Band 5G Launch This Week Over FAA Objection

Jan 2, 2022
Verizon and AT&T this morning refused a request by federal transportation officials to delay this week's planned launch of 5G service in the critical new C Band. [Update: By evening, the two companies agreed to a two-week delay.] The FAA (Federal Aviation Administration) insists that the service could potentially interfere with radio altimeters that planes use to measure distance to the ground in poor weather.

more news about:

Comments

This forum is closed.

This forum is closed.

No messages

Page 1 of 1