(Reuters) – Verizon Communications (NYSE:) is in superior talks to promote 1000’s of cell phone towers to digital infrastructure agency Vertical Bridge, Bloomberg Information reported on Monday, citing folks aware of the matter.
The transaction, which might be introduced as quickly as Monday, may worth the 6,339 towers at about $3.3 billion, the report stated.
Beneath the phrases being mentioned, Verizon would enter right into a 10-year settlement to lease again capability on the towers from Vertical Bridge, with an possibility to increase the time period as much as 50 years, in keeping with the report.
Verizon and Vertical Bridge didn’t instantly reply to Reuters’ requests for remark.
