AT&T closed the 207-million-dollar acquisition of FiberTower
AT&T closed the 207-million-dollar acquisition of FiberTower Corporation, giving it millimeter wave spectrum that will be put to work later this year to begin the rollout of mobile 5G services. The company officials said the transaction would give AT&T “a significant footprint in the 39 GHz band, with average holdings of more than 375 MHz in the top 100 markets”.
The world’s largest telecommunications company announced the deal more than an year ago, at the end of January 2017. Then it released that it had started deploying small cells using centralized radio access networks (C-RANs), sometimes called cloud-RAN, in San Francisco.
“The deal to buy FiberTower and its millimetre wave spectrum was intended to assist in the execution of this vision”, said AT&T. “We plan to install small cells on light posts and other infrastructure in the urban core of San Francisco. We’ll use a C-RAN architecture approach to build them”, added the telecom operator.
FiberTower, which was in chapter 11 bankruptcy protection, originally held 24GHz and 39GHz spectrum, and its sparse website still lists those bands. However AT&T says it has acquired just 39GHz spectrum with the company
AT&T Inc is an American multinational conglomerate holding company headquartered at Whitacre Tower in downtown Dallas, Texas. AT&T is the world’s largest telecommunications company. It is also the second largest provider of mobile telephone services and the largest provider of fixed telephone services in the United States.