Sunday, 24 September 2017

Verizon beats AT&T to Straight Path deal

By Nick Wood, Total Telecom
Thursday 11 May 17

Not-so-mysterious bidder to acquire nationwide mmWave spectrum holder for $3.1 billion.

Verizon on Thursday beat AT&T in the race to acquire 5G spectrum holder Straight Path, having been identified as the unnamed suitor that lodged a $3.1 billion bid (€2.84 billion) for the company earlier this week. The all-stock deal equates to $184 per share, representing a massive 486% premium on Straight Path's closing share price on 11 January…

Verizon on Thursday beat AT&T in the race to acquire 5G spectrum holder Straight Path, having been identified as the unnamed suitor that lodged a $3.1 billion bid (€2.84 billion) for the company earlier this week. The all-stock deal equates to $184 per share, representing a massive 486% premium on Straight Path's closing share price on 11 January…

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