Straight Path Communications Inc. will pay a penalty of 20% of the proceeds from its $3.1 billion sale to Verizon Communications Inc. as part of an earlier settlement with federal regulators. "How Telecom Speculator Howard Jonas Made Billions From Verizon, AT&T" at 2:01 p.m. ET, incorrectly stated that the settlement also included $85 million in fines in the 14th paragraph. (May 11)

(END) Dow Jones Newswires

May 11, 2017 20:48 ET (00:48 GMT)

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