• AT&T to Acquire Straight Path
  • May 2, 2017 | Author: Gregory E. Kunkle
  • Law Firm: Keller and Heckman LLP - Washington Office
  • AT&T announced the Company’s intention to acquire Straight Path Communications Inc. for $1.6 billion last week. In January, the FCC Enforcement Bureau entered a consent decree with Straight Path Communications, which required Straight Path to forfeit $15 million in civil penalties and 196 of its 39GHz licenses, and sell the remainder of its license portfolio (Vol. XIV, Issue 3). The acquisition would give AT&T access to additional millimeter-wave band spectrum in the 28 and 39 GHz bands to support and accelerate 5G deployment. Reportedly, Verizon may be readying a more aggressive bid. For more information, please contact Greg Kunkle ([email protected]; 202.434.4178).