Who Are The Buyers?

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The announcement that Verizon was selling close to $15 billion in tower and wireline assets wasn’t a huge surprise. However, the huge question that surrounds the deal is, “who are the buyers?” Analysts at Macquarie believe that the $6 billion tab for the tower sale will likely be picked up by Crown Castle or American Tower. “However, we struggle to believe that there are strategic buyers for non-Acela corridor wireline assets that would make up the deficit between tower sales and the $15 billion reported figure,” Kevin Smithen and Will Clayton of Macquarie explained.

Senior Analyst at Wells Fargo, Jennifer Fritzsche, and her team also believe that either Crown Castle or American Tower will buy Verizon’s tower portfolio.

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