AT&T (T) is indeed thinking of selling cell towers (among other assets), a company spokesman...

|By:, SA News Editor

AT&T (T) is indeed thinking of selling cell towers (among other assets), a company spokesman tells Bloomberg. However, the evaluation process is said to be in its early stages. Bloomberg points out some other reasons why AT&T may want to raise cash: growing capex, huge stock buybacks, and a hefty dividend (4.9% yield). AT&T had $69.8B in debt on its balance sheet as of Dec. 30. (RBC report)