The announcement that Verizon was selling close to $15 billion in tower and wireline assets wasn’t a huge surprise. However, the huge question that surrounds the deal is, “who are the buyers?” Analysts at Macquarie believe that the $6 billion tab for the tower sale will likely be picked up by Crown Castle or American Tower. “However, we struggle to believe that there are strategic buyers for non-Acela corridor wireline assets that would make up the deficit between tower sales and the $15 billion reported figure,” Kevin Smithen and Will Clayton of Macquarie explained. Continue reading here.
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