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Verizon Exploring Tower Sale

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Sep 24, 2014, 12:02 PM   by Eric M. Zeman

Verizon Wireless is weighing whether or not to sell its cell towers to a third party, reports Reuters. Earlier this month Verizon's Chief Financial Officer Fran Shammo indicated the company is interested in such an idea. Verizon has hired TAP Advisors to help it plan for and execute the sale, according to sources cited by Reuters. AT&T sold its cell towers to Crown Castle last year for $4.85 billion. Sprint has also divested the management of its cell towers. Verizon has yet to make any official announcements.


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Sep 24, 2014, 1:20 PM

What willl that do for Verizon's over all service?

Can anyone shed some light on that?
nothing, they just won't be the ones responsible for tower management anymore. It looks better on paper for about two years until the lease outweighs the cost of actually just owning the tower.

Essentially it's just fixing the balance sheet for a s...
Verizon will still own the antennae and base stations but, will lease the towers from the owners. Selling just the towers will save the company a significant chunk of change in maintenance. Unfortunately, you will not benefit from the cost savings. It...
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