AT&T Closes Tower Transaction with Crown Castle
AT&T today announced that it has closed its agreement to lease 9,100 of its cell towers to Crown Castle for $4.83 billion. Under the terms of the agreement, AT&T also sold 600 cell towers to Crown Castle. Crown Castle now has exclusive rights to operate and maintain the cell towers, with most towers leased for a period of 28 years. After the leases expire, Crown Castle will have the option to purchase them for an additional $4.2 billion. AT&T will sublease the towers for at least 10 years beginning at $1,900 per month. AT&T may also reserve additional capacity on the towers for potential future use. AT&T called the deal a good move for the company, as it brings in a significant chunk of cash while leaving room for AT&T to add capacity to its network over time.
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 Relocate Cell Sites In Bid to Cut Costs
Sprint hopes moving its radio infrastructure away from privately held companies to government-owned land and/or structures will help shave $1 billion in costs, reports Re/code. Sprint leases cell tower access from Crown Castle and American Tower, and lease rates are a significant part of it operational costs.
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.
WeBoost, SureCall Roll Out In-Home Signal Boosters
WeBoost and SureCall both used CES as an opportunity to show off new cell signal boosters. Both products work in a similar fashion: they collect cell signals from nearby cell towers, amplify them, and rebroadcast them within the home to improve coverage and signal strength.