AT&T revealed today that it purchased Straight Path Communications, adding a substantial amount of 5G spectrum to its growing arsenal.
The purchase gives AT&T 735 mmWave licenses in the 39GHz band and 133 licenses in the 28GHz band. AT&T says this new spectrum from Straight Path covers all of the United States, putting the carrier in a much better position for rolling out 5G technology.
The acquisition is costing AT&T $1.6 billion, although it’s still pending approval from regulatory authorities.
It’s worth noting that this isn’t the first company AT&T has bought to reel in 5G spectrum. In fact, many of the other big carriers are buying up companies in order to obtain 5G spectrum.
As for the end-user, it goes without saying, 5G is still in its very early stages, so it’s going to be some time before the customer starts seeing the benefits of purchases like these.