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AT&T to sell and lease cell towers for $4.85 billion

0. phoneArena posted on 21 Oct 2013, 00:30

A published report on Monday says that AT&T has entered into an agreement to lease a number of cell towers to Crown Castle International and sell some outright for a total of $4.85 billion; last month,AT&T said that it was considering the sale of all or some of its cell towers. The deal with Crown Castle is expected to close by the end of the year. Under the terms of the deal, AT&T will lease 9100 towers while selling 600...

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posted on 21 Oct 2013, 03:34

1. reckless562 (banned) (Posts: 1153; Member since: 09 Sep 2013)

cool ....

posted on 21 Oct 2013, 07:58

2. Shatter (Posts: 2036; Member since: 29 May 2013)

I doubt the government is going to let ATT purchase Leap Wireless. They will shoot it down like they did to them trying to buy tmobile.

posted on 22 Oct 2013, 00:43

3. clevername (Posts: 1436; Member since: 11 Jul 2008)

Why do carriers sell towers? Doesn't that put them in a situation since they'd have to pay to use them?

posted on 22 Oct 2013, 14:56

4. Maseison (Posts: 6; Member since: 22 Feb 2012)

i can answer that for you. i work for Crown Castle. Carriers sell because the aren't in the business of maintenance and upkeep for cell towers and sites. A lot goes into it and they'd rather focus on their core business. Crown castle focuses on the those other things primarily.

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