Verizon Leases 6,339 Towers to Vertical Bridge for $3.3 Billion
CONFIRMEDDate confidence: CONFIRMEDStated as firmHow firmly the source words the date: confirmed, scheduled, estimated, delayed or unverified.Show all CONFIRMED pins90% CONFIDENCEOverall confidence: 90%How well the pin's source and references back up its dates.Weighted average of how firmly 2 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or betterThe release is datelined "September 30, 2024" and says Verizon[1] and Vertical Bridge "today announced they have entered into a definitive agreement".
Verizon agreed to give Vertical Bridge exclusive rights to lease, operate and manage 6,339 of its towers across all 50 states and DC for about $3.3 billion, with roughly $2.8 billion paid up front and Verizon leasing capacity back as anchor tenant.
$3.3B