AT&T considering sale of wireless broadcast towers
23 September 2013 | Kavit Majithia
US operator AT&T is exploring the possibility of selling its wireless broadcast towers, but any potential deal will depend on how the towers will be used in the future.
AT&T has hired bankers for the sale of its towers, and a potential deal could fetch approximately $5 billion, according to Bloomberg sources.
It is thought AT&T would be interested in leasing back tower space from any potential investor, in order to continue offering services without interruption.
Parties interested in the acquisition include Crown Castle International, American Tower and SBA Communications.
The company has also said it expects to see a sharp rise in Q3 smartphone sales and will increase its smartphone base by over one million.
In addition, the US operator said it was looking to reach 10 million U-verse subscribers by the end of Q3, with consumer wireline growth for Q3 to be consistent with Q2 2013.
There are concerns within the company over pressure on its legacy services and its overall wireline business revenue, due to macroeconomic weaknesses.
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