5G Spectrum War Begins in the U.S.
During May (2017), Verizon won the bid against AT&T to acquire Straight Path for US$3.1 billion, along with Straight Path’s spectrum holdings in the 28 GHz and 39 GHz bands. This acquisition follows Verizon’s acquisition of XO Communications’ fiber-optic network business in 2016. The deal gives Verizon the option to acquire XO Communications’ high-band spectrum in the 28 GHz and 39 GHz bands by the end of 2018.
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