AT&T Said to Be Close to Tower Sale to Crown Castle

AT&T Inc., the largest U.S. phone company, is near an agreement to sell its wireless towers to Crown Castle International Corp., people familiar with the matter said.

The terms of the agreement are still being finalized, meaning the deal may still fall apart, said the people, who asked not to be identified because the talks are private. People with knowledge of the matter said in September the assets could fetch $5 billion.