News
01 October 2024

Verizon agrees tower lease with Vertical Bridge

In:
Telecoms and Communications
Region:
Americas

Verizon Communications (VZ) has agreed for Vertical Bridge to obtain the exclusive rights to lease 6,339 wireless communications towers for approximately $3.3 billion.The transaction is structured as a prepaid lease with upfront proceeds of $2.8 billion in cash. Under the terms, Verizon will enter...

Exclusive subscriber content…

If you are a Proximo subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to Proximo Intelligence contact us

Request Access

You might also like


Perspective
05 December 2025

Can Brazilian water keep delivering for private capital?

The liberalisation of Brazil’s water sector in 2020 has delivered on its promise of multi-sourced private investment. Will 2026 keep up the momentum?

Perspective
09 December 2025

UK infrastructure’s brownfield obligations

New and complex energy transition assets account for the bulk of UK project finance activity. But the private sector will have to devote more and more attention to financing...