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AT&T Inc and Crown Castle close $4.83 bln tower transaction

Monday, 16 Dec 2013 04:01pm EST 

AT&T Inc:Closes its previously announced transaction to lease rights to about 9,000 of its company-owned wireless towers to Crown Castle International Corp. as well as the sale of about 600 AT&T towers.Receives about $4.83 bln at closing.Says under the terms of the leases, Crown Castle has exclusive rights to lease and operate about 9,000 AT&T towers.Says it will use the proceeds for general corporate purposes, including opportunistic share repurchases and repayment of commercial paper. 

Company Quote

4 May 2015