- 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.
Bloomberg: AT&T close to selling towers to Crown Castle
Oct 8 2013, 17:49 ET