Home / Networking / AT&T acquiring Straight Path to support 5G rollout

AT&T acquiring Straight Path to support 5G rollout


at&t.jpg

(Image: AT&T)

AT&T announced Monday that it’s acquiring Straight Path, a company with a nationwide portfolio of millimeter wave (mmWave) spectrum that can help AT&T roll out a 5G network.

The deal is valued at $1.6 billion, AT&T said, including liabilities and scheduled remittances to the Federal Communications Commission (FCC). It’s expected to close within six months. Straight Path shareholders will receive $1.25 billion, or $95.63 per share, paid using AT&T stock. That’s far above the stock’s Friday closing price of $36.48.

While 5G networks are still in development, it’s expected to a huge market. According to Ericsson, the 5G business will be worth $1.2 trillion by 2026.

This summer, AT&T should start rolling out so-called 5G “evolution markets” in Austin and Indianapolis. Verizon, meanwhile, will be testing its own 5G pre-commercial services in 11 markets across the US this year.

Specifically, the Straight Path acquisition gives AT&T access to 735 mmWave licenses in the 39GHz band and 133 licenses in the 28GHz band. The acquisition follows AT&T’s January purchase of FiberTower, another company with high frequency spectrum.

Just last year, the FCC began opening up frequencies above 24GHz for 5G — a move the FCC called a “game-changer” that would bring fiber-like capacity to wireless users. Under current international requirements, 5G networks must be capable of downlink peak data rates of 20Gbps and uplink peak data rates of 10Gbps.

VIDEO: Nokia to deploy Europe’s first nationwide 10G fiber network

Special Feature


Next Generation Networks

The rising tides of big data, video, and cloud computing are driving tremendous demand for faster and more efficient networks. We delve into how things like software-defined networks (SDN) and new wireless technologies are enabling business transformation.



Source link

About admin

Check Also

ecdesi2017.png

Broadband access: Netherlands wins but there are surprising losers in EU rankings

Denmark, Finland, Sweden, and the Netherlands have the most advanced digital economies in the EU ...

One comment

  1. I would like to show my passion for your generosity in support of individuals that should have assistance with that topic. Your real dedication to getting the solution around became particularly interesting and have consistently helped those like me to reach their goals. Your entire warm and friendly tips and hints means this much to me and extremely more to my peers. Thanks a lot; from all of us.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>