You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

AT&T in $4.85b cellphone tower deal

NEW YORK — AT&T agreed on Sunday to lease or sell 9,700 cellphone towers to Crown Castle International, a big wireless tower operator, for $4.85 billion in cash.

Under the terms of the deal, Crown Castle will buy the rights to run 9,100 towers for an average lease of 28 years, with the right to acquire the towers outright from AT&T in the future for about $4.2 billion.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week