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AT&T announced a big spectrum play on Monday, announcing it will spend $1.6 billion to buy a company called Straight Path Communications.

Of the $1.6 billion, $1.25 billion, or $95.63 per share, will go to Straight Path stockholders, while the remainder covers amounts owed to the FCC and other liabilities. The all-stock deal is subject to FCC approval and expected to close within 12 months, AT&T said.

Why it matters: Straight Path owns nationwide rights to what is known as millimeter wave spectrum. Such high-band frequencies can carry data very fast, but not very far, and make up a key part of plans for the next generation of cellular technology, known as 5G.

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Atlanta Mayor Keisha Lance Bottoms tests positive for coronavirus

Mayor Keisha Lance Bottoms consoles the family of Rayshard Brooks on June 23 in Atlanta, Georgia. Photo: Curtis Compton-Pool/Getty Images

Atlanta Mayor Keisha Lance Bottoms said on Monday that she has tested positive for the coronavirus after displaying no symptoms.

Why it matters: Lance Bottoms, one of several Black women on the shortlist to be Joe Biden's running mate, has risen to national prominence in recent months as part of a mass protests over racism and police brutality — driven in part by the killing of Rayshard Brooks by Atlanta police.

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Trump ramps up culture war attacks

Photo: Tasos Katopodis/Getty Images

President Trump's attacks are spreading to sports that are cornerstones of rural, conservative white American life.

Why it matters: The culture war that engulfed the NBA and NFL is reaching other major leagues, with teams that stonewalled activists for years suddenly showing a willingness to listen.