April 25 (Reuters) - Straight Path Communications Inc said on Tuesday it received a $104.64 per-share all-stock buyout offer from a “multi-national telecommunications company”, which it said was superior to AT&T Inc’s offer of $95.63 per share.
Reuters had earlier reported that Verizon Communications Inc was considering topping AT&T’s bid.
AT&T agreed to buy Straight Path, a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal on April 10.
Straight Path said it has notified AT&T of the offer and the telecom company has five days to match or exceed the new offer. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Shounak Dasgupta)