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Verizon sells 6,339 mobile phone towers to Vertical Bridge for $3.3 billion, with a 10-year leaseback.
Verizon Communications is set to sell 6,339 mobile phone towers to Vertical Bridge for approximately $3.3 billion.
The agreement includes a 10-year leaseback arrangement, with options to extend for up to 50 years.
The deal, structured as a prepaid lease, will provide Verizon with about $2.8 billion in cash.
The transaction is expected to close by the end of 2024, pending standard conditions.
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Verizon vende 6.339 torres de teléfonos móviles a Vertical Bridge por $3,3 mil millones, con un arrendamiento de 10 años.