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AT&T Said to Seek Sale of Wireless Towers Valued at $5 Billion
Posted: 17-Sep-2013 [Source: Bloomberg]

[AT&T is looking for buyers for its wireless towers according to this report.]

Serena Saitto & Scott Moritz -- "AT&T Inc., the largest U.S. phone company, is seeking buyers for its wireless towers and working with TAP Advisors LLC and JPMorgan Chase & Co. on the sale, according to people familiar with the matter.

"The assets could fetch about $5 billion and possible buyers include Crown Castle International Corp. (CCI), SBA Communications Corp. (SBAC) and American Tower Corp. (AMT), said one of the people, who asked not to be identified because the process isn’t public. AT&T said in March that it is open to the sale of the wireless towers and other peripheral assets."

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