AT&T in $4.85b deal to lease, sell wireless towers with Crown Castle
Oct 21, 2013
DALLAS (AP) ― AT&T is leasing or selling the rights to 9,700 wireless towers for $4.85 billion as it generates cash to buy back stock, fund an acquisition and upgrade its cellular telephone system. The Dallas company said Sunday that it will lease about 9,100 towers and sell another 600 to Crown Castle International Corp. in a deal that’s expected to close by the end of the year. AT&T, the nation’s largest telephone company, said in a statement that the deal won’t have any impact on its customer