- On the hunt for funds, Verizon (NYSE:VZ) has moved quickly to reach a deal to sell cell towers to American Tower (NYSE:AMT) for $5.06B.
- American Tower, with 28,000 towers, is second in the market only to Crown Castle, with 40,000 towers.
- Previously: WSJ: Frontier close to $10B buy of Verizon's wireline assets (Feb. 04 2015)
- Previously: FCC releases winners in record spectrum auction (Jan. 30 2015)
Verizon reaches $5B sale of towers to American Tower
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Symbol | Last Price | % Chg |
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VZ | - | - |
Verizon Communications Inc. |