AT&T Secures $850 Million in Sale-Leaseback Deal for Copper Network Properties
Key Points:
* AT&T sells $850 million worth of underutilized copper network facilities to Reign Capital.
* The sale-leaseback arrangement allows AT&T to lease back the space it needs for network operations.
* The move aligns with AT&T's plan to transition to fiber optics and wireless technologies by 2029.
* The transaction involves the transfer of 74 properties nationwide, impacting a small portion of AT&T's central office portfolio.
* The deal unlocks value from unused commercial real estate and has no impact on jobs or customer services.