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AT&T Pushes To Buy Straight Path Communications

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ATT (NYSE: T) is currently pushing to buy millimeter wave wireless spectrum owner Straight Path Communications (STRP) for a mere $1.6 Billion.  This acquisition is thought to  advance its efforts to offer 5G as Straight Path’s spectrum enables the delivery  of large amounts of data over relatively short distances. This will allow them to keep up compete against the likes of Verizon (V) in the marketplace.

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AT&T’s billion dollar deal

The “Fast Money” traders discuss AT&T making a billion dollar acquisition for Straight Path Communications. It’s the company’s latest push ahead of a 5G roll out, which is the next generation of high-speed wireless services. Verizon and Dish have both …..

finance.yahoo.com

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