AT&T Weighing Sale of Its Cell Towers
AT&T is more seriously considering a sale of its wireless towers, reports Bloomberg. AT&T said earlier this year that it might sell its towers. AT&T could net about $5 billion from such a sale, and possible bidders include Crown Castle International, SBA Communications, and American Tower, according to Bloomberg's unidentified source. AT&T owns and operates about 10,000 towers throughout the country, which generate approximately $326 million in annual revenue thanks to other companies that lease space on the towers. The tower sale could shore up AT&T's cash position as it is making a $14 billion investment in its network. AT&T declined to comment on Bloomberg's report.
Verizon to Sell Landline Biz to Frontier for $10 Billion
Verizon Communications today confirmed plans to sell part of its wireline telephone and internet business to Frontier Communications for $10 billion. The deal covers Verizon's consumer and business assets in California, Florida, and Texas.
T-Mobile Sells 600 Towers to Phoenix Tower
T-Mobile has finalized the sale of some 600 cell towers to Phoenix Tower International. The deal, first announced in August, transferred ownership and management rights to Phoenix Tower.
AT&T and Verizon Will Work Together On Future Cell Towers
AT&T and Verizon have tapped Tillman Infrastructure to build hundreds of small cell towers around the country. Tillman already builds, owns, and operates a series of towers and small cells.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.