Earlier this month, AT&T bid $1.6 billion for Straight Path Communications. At the time of the announcement, it was assumed that the nation's second largest carrier wanted Straight Path's 28 GHz and 39 GHz millimeter wave spectrum for its upcoming 5G pipeline; the 28GHz/38GHz bands are being considered for 5G use. The price included liabilities that Straight Path was ultimately responsible for.Immediately after AT&T announced its bid, which works out to $95.63 a share, analysts started naming other carriers that they felt were interested in Straight Path too. As it turns out, at ...
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