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Verizon Leases Over 6,300 Wireless Towers To Vertical Bridge For $3.3 Billion
Vertical Bridge has acquired the rights to lease and operate over 6,000 wireless towers from Verizon for $3.3 billion as part of a 10-year agreement, with potential extensions of up to 50 years. Capacity Media reports: "Upon the completion of this transaction, these assets, together with our existi...
Vertical Bridge has acquired the rights to lease and operate over 6,000 wireless towers from Verizon for $3.3 billion as part of a 10-year agreement, with potential extensions of up to 50 years. Capacity Media reports:"Upon the completion of this transaction, these assets, together with our existing portfolio which includes thousands of young, purpose-built towers, enhance Vertical Bridge's position as a fast, friendly, and flexible colocation partner to the wireless industry," said Ron Bizick, President and CEO of Vertical Bridge. The US carrier said its latest deal with Vertical Bridge supports existing efforts to drive tower-related costs.
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