Verizon Communications Inc. is leaving nothing to chance to remain America’s wireless king.
The largest U.S. carrier won a protracted bidding war with AT&T Inc. for Straight Path Communications Inc., a tiny company that controls a vast swath of airwaves considered vital for the fifth generation of wireless services, or 5G.
With a victorious bid of $3.1 billion after weeks of offers and counteroffers, Verizon will shore up the assets necessary to build the nation’s premier 5G network and stay No. 1, just as it did for the last generation of wireless services, 4G.
While previous generations of mobile phone systems have focused on increasing the speed and capacity of mobile data delivery to phones, the ambitions for the fifth generation are much greater. The aim is to bring in devices that have previously existed without wireless connections and provide the backbone for revolutions in other industries such as self-driving cars and remote medicine. It would enable speedy downloads of ultra high-definition movies and remote maintenance of machinery in the field, along with long-distance surgery and more widespread use of autonomous vehicles.
Acquiring this technology will bring a lot of revenue and positive results to Verizon and is expected to have a positive impact on stocks in the future.
Източник: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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