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BRIEF-Straight Path Communications says co and IDT entered into binding term sheet
April 10, 2017 / 9:35 PM / 8 months ago

BRIEF-Straight Path Communications says co and IDT entered into binding term sheet

April 10 (Reuters) - IDT Corp:

* Straight Path Communications-on april 9, co, idt corp entered into binding term sheet in connection to investigation by federal communications commission

* Straight Path Communications - idt to pay co $16 million, straight path communications will transfer to idt its ownership interest in straight path ip group

* Straight Path Communications - under term sheet, stockholders of co to receive 22 percent of proceeds received by unit from license of patent rights held by unit Source text - bit.ly/2nyFnje Further company coverage:

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