Straight Path Communications Inc. (SPCI) leases its holdings of 38 and 28 gigahertz fixed wireless spectrum licenses through its Straight Path Spectrum, Inc. (Straight Path Spectrum) subsidiary. SPCI holds and licenses patent rights covering communications over computer networks, such as the Internet, through its Straight Path IP Group, Inc. (Straight Path IP Group) subsidiary. The Company provides licenses for communications over the Internet to voice over Internet protocol (VoIP) providers, and products and services that allow for the transmission of data over the Internet. The Company's segments include the Straight Path Spectrum and the Straight Path IP Group. In August 2013, Straight Path Communications Inc announced its spin-off from IDT Corporation.