Thursday, September 18, 2014

Verizon Open to Divesting Cell Tower Assets

Verizon Communications is open to divesting their network’s assets including their cell towers according, to Reuters. The company’s CFO Fran Shammo said they were inspired by rival AT&T’s $4.85 billion sale of some of its towers to tower operator Crown Castle last year, a deal which preserved AT&T’s right to lease and operate the towers for about 28 years. Continue reading here

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