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AT&T and Verizon may engage in bidding war for Straight Path

The LMDS spectrum has had many days in the sun, but these have been shortlived, but now the prospect of 5G has sparked a goldrush, with Verizon and AT&T racing to secure millimeter wave assets. Both have already acquired fiber providers with significant 28 GHz and 39 GHz holdings (XO and Fibertower, respectively) and now they may engage in a bidding war for another LMDS player, Straight Path. AT&T has announced a deal to acquire Straight Path Communications in an all-stock deal valued at $1.6bn, a 160% premium which reflects the new perceived value of millimeter wave bands (the price includes penalties Straight Path owes the FCC). Virginia-based Straight Path holds 735 licences in the 39 GHz band, and 133…

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