Bloomberg
reported that AT&T is looking for buyers to purchase its wireless towers
for approximately $5 billion. This influx in cash will help AT&T’s
financials as they begin undertaking a $14 billion network upgrades. “The tower industry is consolidating, with fewer
companies controlling bigger swaths of the equipment needed to transmit
wireless signals amid booming demand for mobile communications,” Bloomberg
explained.
American Tower recently agreed to purchase Global
Tower Company and rumor has it that the company is on a bit of a spending
spree. American Tower is the largest owner and operator of cell towers in the
United States. If they are looking to secure that status, they may consider
purchasing AT&T’s towers. However the other two players in the industry,
SBA Communications and Crown Castle International, may consider making a deal
with AT&T to secure their role in the wireless industry and compete with
American Tower.
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