Vestberg celebrates having some cash for once by dropping $3.1 billion on 5G spectrum

Verizon has finally been unveiled as the no-so-mystery counter-bidder for Straight Path and its millimeter wave spectrum, having beaten AT&T to the punch.
Former Ericsson CEO Hands Vestberg, having recently landed the gig to head up Verizon’s network interests, clearly couldn’t resist the novelty of actually having a budget and decided to blow a chunk of it on Straight Path Communications and its high frequency spectrum, that is expected to come in handy once 5G comes to town. So