Traders Watch Towers on $2.4B Crown Castle (CCI) Tower Deal (AMT) (SBAC)
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Peers of Crown Castle Int'l (NYSE: CCI) are on watch following an announcement earlier today that it will be acquiring about 7,200 towers from T-Mobile in a deal valued at $2.4 billion, or $333,333 per tower.
Crown said it will have 30,000 towers following close of the deal, keeping it atop the wireless infrastructure market.
Traders are watching American Tower (NYSE: AMT), SBA Communications (Nasdaq: SBAC), and Clearwire (Nasdaq: CLWR) on the news.
For the complete release, click here.
Crown said it will have 30,000 towers following close of the deal, keeping it atop the wireless infrastructure market.
Traders are watching American Tower (NYSE: AMT), SBA Communications (Nasdaq: SBAC), and Clearwire (Nasdaq: CLWR) on the news.
For the complete release, click here.
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