So, AT&T T offered to buy STRP for $1.25b, a 160% premium.
On April 25th, Straightpath announced they'd received a 'superior' offer. It was announced today it was offered $3.1b + the $38 million contract cancellation between AT&T.
It is strongly thought the bidder (this may be confirmed by now) was Verizon. Now, AT&T is larger in market cap, but I feel like Verizon is more prominent in cellphones. This is likely just a geographical thing though.
STRP is highly desired because they own a lot of the frequency licenses for 5g networks. Basically whoever owns STRP has significant leverage over the beginning of 5g.
Do you think AT&T is gonna counter-offer or do you think the run is over?
Submitted May 08, 2017 at 06:21PM by boshbosh92 http://ift.tt/2peCoxf
