AT&T Inks $1.6 Billion Deal to Acquire Straight Path

Bloomberg: AT&T has agreed to buy embattled spectrum-license holder Straight Path in an all-stock deal valued at $1.6 billion as the phone giant seeks to take the lead in the 5G network race. Straight Path is one of the largest holders of 28 gigahertz and 39 GHz millimeter-wave spectrum.