Meanwhile, Verizon ( VZ ) picked up similar licenses in its $1.8 billion purchase of fiber outfit XO Holdings from Carl Icahn, and Dish Network ( DISH ) gained such spectrum in a deal with EchoStar ( ECHO ). Telecom and payments company IDT ( IDT ) spun out Straight Path in 2013. The Glen Allen, Va., company hired Evercore to shop itself back in January, after the company announced a settlement with the FCC. The government had accused Straight Path of squatting on its spectrum, or not building out network infrastructure and putting the licenses to use. Straight Path agreed to pay a $100 million fine among other terms. Of the penalty, $15 million was due up front, and another $85 million would come due if the company were not sold by year's end. The FCC also will collect 20% of the sale price. AT&T will add a nationwide portfolio of millimeter wave licenses, including spectrum in three 39 GHz and 28 GHz bands, as part of the Straight Path deal.