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Verizon to buy 5G spectrum holder Straight Path Communications for $3.1B

Verizon Communications Inc (VZ.N), the No.1 U.S. wireless carrier, is buying wireless spectrum holder Straight Path Communications Inc (STRP.A) for an enterprise value of about $3.1 billion, ending a bidding war with rival AT&T (T.N).

Reuters Rishika Sadam

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