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Verizon to buy Straight Path for $3.1B

Posted online May 11, 2017 | 11:36 am

Verizon Communications Inc. agreed to buy Straight Path Communications for $3.1 billion.

Verizon also plans to pay a $38 million termination fee to AT&T on behalf of Straight Path.

The company received a takeover bid from AT&T last month.

Read more from Reuters.

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