Straight Path Board Determines that a Revised Offer from a Multi-National Telecommunications Company to Acquire Straight Path for $184.00 Per Share Constitutes a andldquo;Superior Proposalandrdquo;

Straight Path Communications Inc. ("Straight Path") (NYSE MKT:STRP)announced today that the Straight Path Board of Directors (the "StraightPath Board") determined that a revised offer from a multi-nationaltelecommunications company (the "Bidder") to acquire 100% of the issuedand outstanding shares of Straight Path for $184.00 per share(reflecting an enterprise value of approximately $3.1 billion), whichwill be paid in Bidder stock in an all-stock transaction constitutes a"Superior Proposal" as d