Sept 20 AT&T Inc said on Friday it is
exploring options to "monetize" its wireless broadcast towers
but noted that its ability to reach a deal would depend on terms
it is able to reach with the buyer for long-term operation of
When wireless service providers sell broadcast towers they
typically lease back space from tower operators. Bloomberg
reported earlier this week that AT&T had hired bankers for a
sale of its towers that could fetch about $5 billion.
Potential acquirers could include Crown Castle International
Corp, American Tower Corp and SBA Communications
AT&T also said it expects record third-quarter smartphone
sales, driven by new marketing programs and new devices. It
expects to increase its smartphone base by more than 1 million
in the quarter.
However, it forecast fewer smartphone upgrades in the fourth
quarter compared with the year-earlier quarter, partly due to
its higher expectations for the third quarter.