Friday, 17 November 2017

Unnamed bidder tops AT&T's Straight Path offer

By Nick Wood, Total Telecom
Tuesday 25 April 17

U.S. operator has five working days to meet or exceed new bid from 'multinational telco'.

An unnamed telco on Tuesday made a $104.64 per share bid for Straight Path, topping AT&T's earlier offer of $95.63. In a statement, Straight Path, which holds nationwide 28-GHz and 39-GHz spectrum, said it considered the new bid superior to AT&T's, and gave the operator five working days to meet or exceed it…

An unnamed telco on Tuesday made a $104.64 per share bid for Straight Path, topping AT&T's earlier offer of $95.63. In a statement, Straight Path, which holds nationwide 28-GHz and 39-GHz spectrum, said it considered the new bid superior to AT&T's, and gave the operator five working days to meet or exceed it…

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