AT&T may be pursuing sale of towers valued at $5 billion

09/17/2013 | Bloomberg Businessweek · Reuters · Engadget

AT&T has reportedly retained advisers to help unload its wireless towers, valued by analysts at about $5 billion, according to a Bloomberg report, which points to Crown Castle International, SBA Communications and American Tower as potential buyers. The deal could be aimed at helping AT&T offset the cost of a $14 billion network upgrade, a planned stock buyback and a possible European expansion. Also, AT&T is expected to announce today a deal with Mexico's America Movil that will expand its reach in Latin America from two to 15 countries. And AT&T on Tuesday opened its second foundry facility in Plano, Texas -- outside Dallas -- where the telecom will focus on connected devices.

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Bloomberg Businessweek · Reuters · Engadget

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