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Verizon Communications (VZ.N) acquired Straight Path Communications (STRP.A) with wireless spectrum for $ 3.1 billion, about twice as much as the initial bid for AT & T (TN) Rising Communications hopes to take advantage of the 5G network competition.

Verizon Communications offers a $ 18 per share of all-stock deals, which is 17.8% higher than Straight Path's closing price on Wednesday. AT & T is the first to raise $ 95.63 per share on April 8. And since April 7, Straight Path shares have risen nearly five times.

Straight Path is one of the largest owners of the millimeter-wave spectrum, and millimeter-wave plays an important role in the layout of the 5G era. 5G known as faster, shorter response time, greater capacity.

The millimeter-wave spectrum is especially important for AT & T and Verizon's high-profile 5G broadband services, and they look forward to overcoming the cable company's high-speed network.

"Verizon Communications has now got all the elements that can quickly speed up the layout of the 5G," said Hans Vestberg, director of global network and technology for Verizon Communications.

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