Home  ›  News  ›

AT&T Closes Tower Transaction with Crown Castle

Article Comments  

Dec 16, 2013, 7:07 PM   by Eric M. Zeman   @phonescooper

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.

more info at AT&T »

more news about:




This forum is closed.

This forum is closed.

No messages

Page  1  of 1

Subscribe to Phone Scoop News with RSS Follow @phonescoop on Twitter Phone Scoop on Facebook Subscribe to Phone Scoop on YouTube Follow on Instagram


All content Copyright 2001-2018 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.