Towers For SaleComments Off on Towers For Sale
Colby Synesael and Gregory Williams of Cowen and Company hosted an investor lunch with CFO Fran Shammo, Controller Tony Skiadas, and SVP of IR Mike Stefanski in New York City this week. Synesael commented in a research note about their discussion concerning Verizon’s potential sale of towers. “As management continues to consider the sale of its tower assets, management provided more insight into what they found particularly attractive about the AT&T tower sale to Crown, which was the impetus of Verizon’s interest,” he said.“Outside of the attractive price paid by Crown for the AT&T towers, Verizon was particularly attracted to the terms and conditions granted, more specifically mentioning the ability for AT&T to maintain control (and reserve space) on the towers. Continue reading here.