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Verizon’s Interest in Tower Sale Sparked by $5 Billion AT&T Deal

Verizon Communications Inc. Chief Financial Officer Fran Shammo said the $4.83 billion payout AT&T Inc. got for selling its wireless towers opened the company’s eyes to the potential benefits of a similar transaction.

The option to sell network towers has become more favorable over the past year, and Verizon is considering the move, Shammo said during a presentation to investors today at a Bank of America conference. Verizon has an estimated 12,000 to 15,000 towers, according to Cowen & Co.