AT&T paid $1.6 billion to own the next generation of wireless

For all intents and purposes, it looks like AT&T is going to own a majority of 5G wireless connections in the US. The company has announced that it has acquired Straight Path Communications for $1.6 billion. Not familiar with the name? That's totally understandable. "Straight Path is the largest commercial holder of the 39 GHz spectrum, with about 95 percent of the total licenses commercially available, as well as a significant holder of 28 GHz in major markets, including New York and San Francisco," the company's website reads.

Source: PR Newswire, Straight Path

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