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AT&T Strikes $4.85B Cell Tower Deal with Crown Castle

Oct 20, 2013, 6:47 PM by Eric M. Zeman

AT&T today announced that it has agreed to lease 9,100 of its cell towers to Crown Castle for $4.85 billion. Under the terms of the agreement, AT&T will also sell 600 cell towers to Crown Castle outright. Crown Castle will have exclusive rights to operate and maintain the cell towers, with most towers leased for a period of 28 years. After the leases expire, Crown Castle will have the option to purchase them for an additional $4.2 billion. AT&T will sublease the towers for at least 10 years beginning at $1,900 per month. Rent increases will be capped at 2% per year. AT&T may also reserve additional capacity on the towers for potential future use. AT&T called the deal a good move for the company, as it brings in a significant chunk of cash while leaving room for AT&T to add capacity to its network over time.

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Comments

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willbx718

Oct 21, 2013, 10:10 AM

What where's all the hating trolls?

When Sprint entered into a similar deal to lease their towers the trolls claimed it as the end of the company. Yet AT&T does the same and you can hear the damn crickets lol.

Zpike

Its too easy to hate ATT. Not worth the effort.

...

T Bone

That is because Sprint has been in serious financial trouble for years, and at&t is doing fine. So the context is completely different.

insider.

its also significant that Sprint sold off their entire cellular networkand then leased back space. It did not turn out to be a good move and Sprint would most likely handle it differenlty today.
AT&T' sale is a very small portion of towers, but I...
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