AT&T Makes Another Deft Move

What happened?

AT&T (NYSE:T) recently announced it is acquiring Straight Path Communications (NYSEMKT:STRP). This will be a spectrum-boosting positive for the company. Straight Path is one of the largest holders of 28 GHz and 39 GHz millimeter wave spectrum. Straight Path shareholders will receive $1.25 billion, or $95.63 per share, which will be paid using AT&T stock.

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