Swayzeexpress
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I thought the ride in was quiet lol. No calls or messages out or in.
This happened this morning... didn't research yet but is it connected and did Pelosi make $ off this one too?
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Published: Sept. 30, 2024 at 7:22 a.m. ET
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By Dean Seal
Verizon Communications reached a $3.3 billion deal that gives Vertical Bridge the exclusive rights to lease, operate and manage thousands of wireless communications towers across the country from Verizon subsidiaries.
The two companies Monday said the 10-year agreement is structured as a prepaid lease with upfront payments of about $2.8 billion in cash. The deal allows Verizon to lease back capacity on 6,339 towers from Vertical Bridge as anchor tenant, with options to extend the lease term by up to 50 years.
The deal builds on Verizon's existing joint venture with Vertical Bridge and is aimed at driving down tower-related costs, the companies said.
Vertical Bridge Chief Executive Ron Bizick called the pact the largest U.S. tower transaction in almost a decade.
The deal is expected to close by the end of the year."
This happened this morning... didn't research yet but is it connected and did Pelosi make $ off this one too?
"
Verizon Strikes $3.3 Billion Tower Deal with Vertical Bridge
Published: Sept. 30, 2024 at 7:22 a.m. ET
Share
Resize
By Dean Seal
Verizon Communications reached a $3.3 billion deal that gives Vertical Bridge the exclusive rights to lease, operate and manage thousands of wireless communications towers across the country from Verizon subsidiaries.
The two companies Monday said the 10-year agreement is structured as a prepaid lease with upfront payments of about $2.8 billion in cash. The deal allows Verizon to lease back capacity on 6,339 towers from Vertical Bridge as anchor tenant, with options to extend the lease term by up to 50 years.
The deal builds on Verizon's existing joint venture with Vertical Bridge and is aimed at driving down tower-related costs, the companies said.
Vertical Bridge Chief Executive Ron Bizick called the pact the largest U.S. tower transaction in almost a decade.
The deal is expected to close by the end of the year."