5G wireless behind AT&T, Verizon’s big buys

5G technology, despite some fairly breathless hype, is still in the embryonic stages of development, but the pace is quickening. The major U.S. carriers are racing to buy up critical spectrum that will be necessary for the realization of 5G’s potential, which could include support for speeds up to 1Gbps and support for the ever-expanding Internet of Things.

AT&T has made two major purchases with that end in mind – January saw the company announce the acquisition, for an undisclosed sum, of bankrupt wireless backhaul provider FiberTower, and just this week AT&T said that it would spend about $1.6 billion in an all-stock deal to acquire Straight Path Communications (Note: A Reuters report overnight cited sources as saying Verizon might try to top AT&T’s bid).

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Source: http://www.cio.com

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