Verizon wins vicious bidding war for major 5G spectrum company

  • Thread starter Thread starter Chris Mills
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Chris Mills

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Verizon announced today that it is acquiring Straight Path Communications, a major holder of 5G spectrum licenses, for $3.1 billion. That's a little unexpected, because AT&T announced last month that it was acquiring Straight Path for $1.25 billion.

Either 5G spectrum became a lot more valuable in the last 30 days, or AT&T and Verizon just played each other.

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