Verizon outbids AT&T for nationwide “5G” spectrum

2017.05.12 03

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.

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.

Verizon outbids AT&T for nationwide “5G” spectrum