Vertical Bridge’s $3.3 billion acquisition of Verizon’s wireless communication towers marks a strategic milestone. This landmark deal signifies enhanced collaboration in telecommunications, propelling Vertical Bridge as a leading player in the market.
Verizon has entered a $3.3 billion leaseback agreement with Vertical Bridge, impacting over 6,300 towers across the U.S. This marks one of the largest tower transactions in a decade. Verizon retains tower ownership while Vertical Bridge manages operation, enhancing their existing portfolio and bolstering U.S. wireless infrastructure.
Verizon’s innovative deal with infrastructure specialist Vertical Bridge promises accelerated 4G and 5G deployment in the US, showcasing a unique tower leasing model that fosters collaboration and transforms mobile tower management.
