Seeking Alpha

Bloomberg: AT&T close to selling towers to Crown Castle

  • Bloomberg reports AT&T (T) is close to selling its wireless tower portfolio (already confirmed to be on the block) to Crown Castle (CCI). The news service previously reported a sale could fetch $5B.
  • Today's report comes only a month after American Tower announced a deal to buy private Global Tower Partners for $4.8B, and thereby significantly grow its own U.S. tower footprint.
  • CCI +0.8% AH.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs