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#TBT: Verizon makes an Oath; Spoiling AT&T’s Straight Path buy; Xfinity Mobile launches … this week in 2017

Editor’s Note: RCR Wireless News goes all in for “Throwback Thursdays,” tapping into our archives to resuscitate the top headlines from the past. Fire up the time machine, put on the sepia-tinted shades, set the date for #TBT and enjoy the memories! Verizon lays out...

Verizon continues fiber investments portending key role in 5G

Between acquisitions and supplier deals, Verizon has spent more than $3 billion on fiber--this year It's difficult to state just how valuable fiber optic assets are to the telecommunications network as the evolution from LTE to 5G continues. But, let's give it a shot using...

Telecom Tweets of the Week: Telefónica hit by major ransomware attack

Ransomware has taken over an internal network at Spanish operator Telefónica and other companies throughout Europe, with Reuters reporting that the ransomware attack "involved a window appearing on employees' computer screens that demanded payment with the virtual currency bitcoin in order to gain access to...

Verizon wins Straight Path bidding war

Straight Path bidding war nearly doubled the purchase price Verizon Communications has officially broken up AT&T's deal for Straight Path Communications and will walk away with the company and its millimeter wave spectrum holdings for $3.1 billion. Straight Path announced Thursday morning that, one month after...

Straight Path price nearly doubles in bidding war

Straight Path's going price is at $184 a share, up from AT&T's original offer of less than $96 a share The battle over Straight Path and its extensive millimeter wave spectrum holdings continues, with a new top offer that puts the company's value at about...

Verizon sells cloud, managed hosting business to IBM

Verizon cloud sale follows on sale of data centers to Equinix Verizon has agreed to sell its cloud and managed hosting operations to IBM and plans to "work with IBM on a number of strategic initiatives involving networking and cloud services," according to a posting by...

Straight Path has a “superior” offer to AT&T’s

Another telecom company has offered a $1.8 billion deal AT&T's acquisition of Straight Path for its high-band spectrum may not be a done deal after all. Straight Path says that it received an offer for a $1.8 billion purchase price, in the form of an unsolicited...

Report: Sprint looks beyond T-Mobile US for deal

Sprint spectrum position may seem more valuable after AT&T's Straight Path deal Although chatter about a Sprint/T-Mobile US merger seems to be an industry reflex, a new report from Bloomberg claims that Sprint parent company Softbank is looking beyond T-Mobile US for a possible deal, because it...

Verizon reportedly set to battle AT&T for Straight Path 5G spectrum

A published report citing a Straight Path regulatory filing suggests Verizon is set to top AT&T’s pending acquisition offer for the spectrum-rich company. Verizon Communications is reportedly eyeing a competing bid for millimeter wave spectrum holder Straight Path, which has already approved a...

AT&T bolsters 5G spectrum portfolio with Straight Path acquisition

AT&T is set to pick up 868 spectrum licenses in the 28 GHz and 39 GHz bands it plans to use for upcoming 5G services in $1.6B deal. AT&T is looking to continue bolstering its millimeter wave spectrum holdings, announcing a deal to...

5G spectrum at center of Straight Path settlement with FCC

Straight Path to pay up to $100M in penalties tied to falsifying build out claims for 28 GHz and 39 GHz millimeter wave spectrum core to 5G plans. Straight Path Communications is looking to restart its business as a holder of vast...