Verizon has outbid AT&T to buy spectrum-holding company Straight Path Communications for $3.1 billion after “an unusually intense bidding war” between the top two wireless carriers in the US, The Wall Street Journal reported today.
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4G LTE is still the dominant cellular technology in the US, making extensive use of low-band frequencies below 1GHz. The low-band spectrum is highly desirable because of its usefulness in covering long distances and penetrating obstacles such as building walls. But there’s only so much low-band spectrum to go around, and carriers and regulators are turning to higher-frequency bands for new 5G networks that are supposed to dramatically increase data speeds.
