The all stock deal was announced Thursday, one month after AT&T said that it would buy Straight Path for $1.Verizon will pay $184 per share, a 400 pc premium to its closing price just before AT&T made its bid in April.1 billion, ending a bidding war with AT&T over the wireless licenses company..Verizon will pay $184 per share, a 400 per cent premium to its closing price just before AT&T made its bid in April. AT&T is declining to match that offer, and Verizon will pay a $38 million termination fee to AT&T on behalf of Straight Path. foldable umbrella

Verizon Communications is buying Straight Path Communications for about $3.Straight Path, based in Glen Allen, Virginia, holds spectrum licenses which the telecom companies can use to expand services, including faster 5G service. AT&T is declining to match that offer, and Verizon will pay a $38 million termination fee to AT&T on behalf of Straight Path.6 billion