AT&T Touts Major Acquisition News

AT&T has confirmed plans to acquire Straight Path Communications Inc. in a deal worth a reported $1.6 billion.

Word of the mammoth deal first surfaced on Monday.

According to the initial report from MarketWatch, Straight Path shareholders are in line to receive $95.63 a share in AT&T stock.

The deal, we’re told, “will support AT&T’s leadership in 5G, which will accelerate the delivery of new experiences for consumers and businesses like virtual and augmented reality, telemedicine, autonomous cars, smart cities and more,” AT&T said in a statement quoted by MarketWatch.

More details about the deal are expected in the days ahead, although the acquisition isn’t expected to be finalized until upwards of twelve months.

The post AT&T Touts Major Acquisition News appeared first on Mobile Marketing Watch.

#URLinkedUp Mobile Marketing Watch http://mobilemarketingwatch.com/att-touts-major-acquisition-news-71439/

#Mobiletech Check out URLinkedUp > http://www.urlinkedup.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s