AT&T confirmed its intention to acquire FiberTower, a privately-held company that holds an extensive spectrum footprint in 24 GHz and 39 GHz bands. Financial terms were not disclosed.
At the AT&T Innovation Summit in San Francisco, John Donovan, Chief Strategy Officer and Group President at AT&T, said the acquired spectrum assets will have advance the company's 5G plans.
http://www.att.com
http://www.fibertower.com
