AT&T Acquires Millimeter Wave Spectrum Needed for 5G

AT&T Acquires Millimeter Wave Spectrum Needed for 5G

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AT&T has announced plans to acquire Straight Path Communications which holds a nationwide portfolio of millimeter wave (mmWave) spectrum, including 39 GHz and 28 GHz licenses. The spectrum supports the company's development of a faster 5G network. The acquisition follows AT&T’s January acquisition of FiberTower and adds to the company’s holdings of high-end spectrum.

The International Telecommunications Union has said theoretical peak speeds for standards-based 5G in the mmWave band can eventually reach up to 10 Gbps in the uplink and up to 20 Gbps in the downlink.

In October 2016, AT&T and Ericsson conducted the first known demonstration of 5G technology, illustrating the possibilities of mmWave radio access technology for the networks of the future. And in February 2017, AT&T and Nokia reached a critical milestone, delivering DIRECTV NOW over a fixed wireless 5G connection using 39 GHZ mmWave technology.

AT&T will acquire 735 mmWave licenses in the 39 GHz band and 133 licenses in the 28 GHz band. These licenses cover the entire United States, including all of the top 40 markets.

The transaction has a total value of $1.6 billion which includes liabilities and amounts to be remitted to the FCC per the terms of Straight Path’s January 2017 consent decree. Straight Path shareholders will receive $1.25 billion, or $95.63 per share, which will be paid using AT&T stock.

The transaction is subject to FCC review, and the two companies expect to close within 12 months.

AT&T Acquires Millimeter Wave Spectrum Needed for 5G

Userone - April 12, 2017 at 4:48am
Better wati FOR 6G
Me - April 11, 2017 at 5:07pm
3G speeds were as fast as 2G speeds. LTE is now as fast as 3G, so that means 5G will be what LTE was supposed to be. Thanks people that abuse data.