AT&T bulks up its bankroll in tower deal [telecom]

AT&T Agrees to $4.85 Billion Tower Deal With Crown Castle

By Scott Moritz & Serena Saitto - Oct 21, 2013

AT&T Inc. is banking $4.85 billion from yesterday's cell-tower deal with Crown Castle International Corp., giving it extra cash for network upgrades, new spectrum and a possible European expansion.

The agreement, which involves leasing or selling 9,700 wireless towers to Crown Castle, makes AT&T the latest carrier to offload antenna sites to independent operators -- a transaction that lets the company focus on growth areas or more profitable parts of the business.

-or-

read more and respond »

Posted 5 years ago by Bill Horne in General Telecommunications Forum

Report misuse