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Straight Path Communications Announces Completion of Spin-Off from IDT

GLEN ALLEN, Va.--(BUSINESS WIRE)--Straight Path Communications Inc. (SPCI) today announced that its spin-off from IDT Corporation (NYSE: IDT) has been successfully completed following the distribution of SPCI common stock to IDT stockholders. SPCI Class B Common Stock will begin trading regular way today on the NYSE MKT with the ticker symbol “STRP”. To mark the occasion, Straight Path’s President & Chief Executive Officer, David Jonas, will ring the closing bell on the New York Stock Exchange today at 4 PM Eastern.