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flag Verizon sells 6,339 mobile phone towers to Vertical Bridge for $3.3 billion, with a 10-year leaseback.

flag Verizon Communications is set to sell 6,339 mobile phone towers to Vertical Bridge for approximately $3.3 billion. flag The agreement includes a 10-year leaseback arrangement, with options to extend for up to 50 years. flag The deal, structured as a prepaid lease, will provide Verizon with about $2.8 billion in cash. flag The transaction is expected to close by the end of 2024, pending standard conditions.

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