Verizon’s Interest in Tower Sale Sparked by $5 Billion AT&T Deal

Verizon Communications Chief Financial Officer Fran Shammo said the $4.83 billion payout AT&T got for selling its wireless towers opened the company’s eyes to the potential benefits of a similar transaction. The option to sell network towers has become more favorable over the past year, and Verizon is considering the move, Shammo said. Verizon has an estimated 12,000 to 15,000 towers.