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Which major telecom company will have the best stock performance by March 31, 2025?
2
Resolution / Starting Odds
Verizon performs best • 25%
AT&T performs best • 25%
T-Mobile performs best • 25%
Other performs best • 25%
Stock market data from sources like Yahoo Finance, Google Finance, or Bloomberg
Story
Verizon Strikes $3.3 Billion Deal to Sell 6,339 Towers to Vertical Bridge
Sep 30, 2024, 11:33 AM
Verizon Communications is in advanced talks to sell approximately 6,339 mobile phone towers to digital infrastructure firm Vertical Bridge for $3.3 billion. The deal will grant Vertical Bridge exclusive rights to lease, operate, and manage these towers, including certain commercial benefits. This transaction aims to help Verizon, the largest wireless carrier in the U.S., reduce costs tied to its mobile towers and unlock more cash to bolster its network. The companies have entered into a definitive agreement, driving Verizon's stock towards a two-year high.
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