REUTERS - U.S. wireless carrier AT&T Inc said on Monday it would buy Straight Path Communications Inc, a holder of licenses to wireless spectrum, for $1.25 billion.
The No.2 U.S. carrier said it would offer $95.63 per share, a premium of 162.1 percent to Straight Path's Friday close.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Shounak Dasgupta)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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