April 13, 2017 / 10:12 PM / 5 months ago

Straight Path says third party may top AT&T's buyout offer

April 13 (Reuters) - Straight Path Communications Inc , which agreed to be bought by AT&T Inc for $1.25 billion, said on Thursday it had received a letter from a third party that was considering topping AT&T’s offer.

Straight Path said the party, which it did not name, had made a bid to acquire the company before AT&T’s offer.

AT&T, which earlier this week agreed to buy the holder of licenses to wireless spectrum in an all-stock deal, could not immediately be reached for comment. (Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar)

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