$1.8 billion

Bid from a new, unnamed bidder for Straight Path Communications, topping one by AT&T by $200 million. The higher, unsolicited bid, which came from what Straight Path referred to as a "multinational telecommunications company," would acquire Straight Path for $104.64 per share in an all-stock deal, according to the company. As carriers double down on their 5G development plans, solution providers are expecting an all-out bidding war for Straight Path, which owns valuable millimeter wave (mmWave) spectrum licenses that cover the entire United States, including the top 40 markets.