The SEC cleared IDT to spin off its Straight...
The SEC cleared IDT to spin off its Straight Path Communications subsidiary, IDT said Monday. Straight Path Communications has extensive holdings of spectrum licenses in the 28 and 38 GHz bands, as well as patents relating to the Internet and…
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other communications over computer networks, IDT said. Following the spinoff, Straight Path Communications’ management will be “dedicated to realizing value from these intangible assets,” IDT said. The spinoff will be effective at 11:59 p.m. EDT on July 31 (http://bit.ly/1dCOU81).