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Violation Tracker Individual Record

Company: Straight Path Communications Inc.
Current Parent Company: Verizon Communications
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Recap of Ownership Changes:  subscribe to see this data field
Penalty: $15,000,000
Year: 2017
Date: January 12, 2017
Offense Group: consumer-protection-related offenses
Primary Offense: telecommunications violation
Violation Description: The Federal Communications Commission's Enforcement Bureau announced a settlement valued in excess of $100 million with Straight Path Communicationsto resolve an investigation of Straight Path's failure to deploy wireless services as required under its FCC spectrum licenses. All but $15 million was suspended on the condition that Straight Path sell its remaining licenses, which it did.
Level of Government: federal
Action Type: agency action
Agency: Federal Communications Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: telecommunications
Specific Industry of Current Parent: telecommunications
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.