12US0019571092 - ATTP940
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majeur du secteur des télécommunications : exploitation de
réseaux de télécommunications mais aussi fabrication
d'équipements et de composants électriques et électroniques.
Le groupe est aussi un prestataire de services informatiques.
AT&T to Acquire Straight Path
INVESTORS / Dallas, Texas, 6 hours ago ShareFacebookTwitterLinkedInEmail
Straight Path millimeter wave spectrum to support development of 5G technologies
AT&T* has announced plans to acquire Straight Path Communications
which holds a nationwide portfolio of millimeter wave (mmWave)
spectrum, including 39 GHz and 28 GHz licenses. This acquisition
complements AT&T’s January acquisition of FiberTower and augments
the company’s holdings of mmWave spectrum.
The acquisition 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.
The International Telecommunications Union has said theoretical peak
speeds for standards-based 5G in the mmWave band can eventually reach
up to 10 Gbps in the uplink and up to 20 Gbps in the downlink.**
In October 2016, AT&T and Ericsson conducted the first known
demonstration of 5G technology, illustrating the possibilities of
mmWave radio access technology for the networks of the future. And in
February 2017, AT&T and Nokia reached a critical milestone,
delivering DIRECTV NOW over a fixed wireless 5G connection using 39 GHZ
AT&T will acquire 735 mmWave licenses in the 39 GHz band and 133
licenses in the 28 GHz band. These licenses cover the entire United
States, including all of the top 40 markets.
The transaction has a total value of $1.6 billion which includes
liabilities and amounts to be remitted to the FCC per the terms of
Straight Path’s January 2017 consent decree. Straight Path
shareholders will receive $1.25 billion, or $95.63 per share, which
will be paid using AT&T stock.
The transaction is subject to FCC review, and the two companies expect to close within 12 months.
*AT&T products and services are provided or offered by subsidiaries
and affiliates of AT&T Inc. under the AT&T brand and not by
**User experienced peak and average speeds will be lower than
theoretical peak speeds and will vary by location and condition (time
of day, network load, geography, devices, etc.
AT&T Inc. (NYSE:T) helps millions around the globe connect with
leading entertainment, business, mobile and high speed internet
services. We offer the nation’s best data network* and the best global
coverage of any U.S. wireless provider.** We’re one of the world’s
largest providers of pay TV. We have TV customers in the U.S. and 11
Latin American countries. Nearly 3.5 million companies, from small to
large businesses around the globe, turn to AT&T for our highly
secure smart solutions.
Additional information about AT&T products and services is
available at about.att.com. Follow our news on Twitter at @ATT, on
Facebook at facebook.com/att and YouTube at youtube.com/att.
© 2017 AT&T Intellectual Property. All rights reserved. AT&T,
the Globe logo and other marks are trademarks and service marks of
AT&T Intellectual Property and/or AT&T affiliated companies.
All other marks contained herein are the property of their respective
*Claim based on the Nielsen Certified Data Network Score. Score
includes data reported by wireless consumers in the Nielsen Mobile
Insights survey, network measurements from Nielsen Mobile Performance
and Nielsen Drive Test Benchmarks for Q3+Q4 2016 across 121 markets.
**Global coverage claim based on offering discounted voice and data
roaming; LTE roaming; and voice roaming in more countries than any
other U.S. based carrier. International service required. Coverage not
available in all areas. Coverage may vary per country and be
limited/restricted in some countries.
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this news release contains financial estimates
and other forward-looking statements that are subject to risks and
uncertainties, and actual results might differ materially. A discussion
of factors that may affect future results is contained in AT&T’s
filings with the Securities and Exchange Commission. AT&T disclaims
any obligation to update and revise statements contained in this news
release based on new information or otherwise.
The “quiet period” for FCC Spectrum Auction 1000 (also known as the 600
MHz incentive auction) is now in effect. During the quiet period,
auction applicants are required to avoid discussions of bids, bidding
strategy and post-auction market structure with other auction
Additional Information and Where to Find It
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of any
vote or approval. This communication may be deemed to be
solicitation material in respect of the proposed merger between
AT&T and Straight Path Communications, Inc. In connection
with the proposed merger, AT&T intends to file a registration
statement on Form S-4, containing a proxy statement/prospectus with the
Securities and Exchange Commission (“SEC”). STOCKHOLDERS OF
STRAIGHT PATH ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH THE
SEC, INCLUDING THE PROXY STATEMENT/PROSPECTUS, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER.
Investors and security holders will be able to obtain copies of the
proxy statement/prospectus as well as other filings containing
information about AT&T and STRAIGHT PATH, without charge, at the
SEC’s website, http://www.sec.gov. Copies of documents filed with
the SEC by AT&T will be made available free of charge on AT&T’s
investor relations website. Copies of documents filed with the SEC by
STRAIGHT PATH will be made available free of charge on STRAIGHT PATH’S
investor relations website.
Participants in Solicitation
AT&T and its directors and executive officers, and STRAIGHT PATH
and its directors and executive officers, may be deemed to be
participants in the solicitation of proxies from the holders of
STRAIGHT PATH common stock in respect of the proposed merger.
Information about the directors and executive officers of AT&T is
set forth in the proxy statement for AT&T’s 2017 Annual Meeting of
Stockholders, which was filed with the SEC on March 10, 2017.
Information about the directors and executive officers of STRAIGHT PATH
is set forth in the proxy statement for STRAIGHT PATH’s 2017 Annual
Meeting of Stockholders, which was filed with the SEC on November 22,
2016. Investors may obtain additional information regarding the
interest of such participants by reading the proxy statement/prospectus
regarding the proposed merger when it becomes available.