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Verizon to sell mobile towers to infrastructure firm Vertical Bridge

Headline: Verizon has agreed to sell over 6,300 wireless communication towers to infrastructure firm Vertical Bridge in a $3.3 billion transaction. This deal provides Verizon financial flexibility while enabling Vertical Bridge to expand its tower portfolio.
Article: As part of the agreement, Verizon will lease back space on these towers for the next 10 years, with extended options. This partnership supports Verizon’s network growth while reducing tower-related costs. The transaction is expected to close by the end of 2024.
Date: September 2024
Read the full article here: Reuters

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AGL’s dedicated Staff Writers are experts in the digital ecosystem, focusing on developments across broadband, infrastructure, federal programs, technology, AI, and machine learning. They provide in-depth analysis and timely coverage on topics impacting connectivity and innovation, especially in underserved areas. With a commitment to factual reporting and clarity, AGL Staff Writers offer readers valuable insights on industry trends, policy changes, and technological advancements that shape the future of telecommunications and digital equity. Their work is essential for professionals seeking to understand the evolving landscape of broadband and technology in the U.S. and beyond.

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