dslreports logo
 
    All Forums Hot Topics Gallery
spc
Search similar:


uniqs
79
jriskin
join:2001-10-11
Topanga, CA

jriskin

Member

Don't think AT&T is as short sighted as the headlines may suggest...

I'm not an expert, but i did dig deeper into the actual deal. "Crown Castle (CCI -0.9%) is trading lower following its $4.85B deal to buy and acquire leasing rights to 9.7K AT&T towers"

"Crown Castle will have the rights to lease about 9.1K AT&T towers and purchase roughly 600 others. The average term of the lease rights is about 28 years, after which Crown Castle has an option to purchase the towers for approximately $4.2B. AT&T will sublease space on the towers for at least 10 years with an option to renew up to a total of 50 years."

»seekingalpha.com/news-ar ··· nsaction