Verizon Concludes Tower Deal Worth $3.3B With Vertical Bridge

Zacks12-24 23:26

Verizon Communications Inc. VZ has officially completed the transaction related to its 6,300 wireless communication towers to Vertical Bridge REIT, LLC, one of the largest privately owned ...

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VZ has officially completed the transaction related to its 6,300 wireless communication towers to Vertical Bridge REIT, LLC, one of the largest privately owned ...</p>\n\n<a href=\"https://finance.yahoo.com/news/verizon-concludes-tower-deal-worth-152600980.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Verizon Concludes Tower Deal Worth $3.3B With Vertical Bridge</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVerizon Concludes Tower Deal Worth $3.3B With Vertical Bridge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-24 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/verizon-concludes-tower-deal-worth-152600980.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Verizon Communications Inc. VZ has officially completed the transaction related to its 6,300 wireless communication towers to Vertical Bridge REIT, LLC, one of the largest privately owned ...</p>\n\n<a href=\"https://finance.yahoo.com/news/verizon-concludes-tower-deal-worth-152600980.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4512","symbol_name":"苹果概念","start_time":0,"source_url":"https://finance.yahoo.com/news/verizon-concludes-tower-deal-worth-152600980.html","article_id":"2494034292","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/m7tjApF7BqnfqzGBp9dx2Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/dfcefbf922a6e28511863f9254d27faa"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494034292","pubTimestamp":1735053960,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Verizon Communications Inc. VZ has officially completed the transaction related to its 6,300 wireless communication towers to Vertical Bridge REIT, LLC, one of the largest privately owned communications infrastructure operators in the United States. The deal, valued at around $3.3 billion  gives exclusive rights to Vertical Bridge to lease, operate and manage these assets across all 50 states. This milestone reinforces Vertical Bridge's position as a leader in the U.S. communications infrastructure market.Vertical Bridge defined the deal as a \"transformative milestone,\" emphasizing the opportunity these under-utilized towers, often in challenging locations, provide to enhance services and build stronger customer relationships. This deal indicates a growing trend of telecom companies monetizing tower assets to focus on core operations like 5G network expansion.On Sept. 30, 2024, Verizon and Vertical Bridge announced an agreement granting the latter exclusive rights to manage 6,339 tower","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4512":"苹果概念","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","IDCC":"InterDigital","LU1917777945.USD":"安联专题基金Cl AT Acc","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","VZ":"威瑞森","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK4023":"应用软件","UI":"厄比奎蒂","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","BK4575":"芯片概念","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","BK4559":"巴菲特持仓","BK4527":"明星科技股","LU2384288077.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"A-INS\" (EUR) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","BK4020":"通信设备","LU0079474960.USD":"联博美国增长基金A","BK4579":"人工智能","QCOM":"高通","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","SG9999015978.USD":"利安颠覆性创新基金A","BK4141":"半导体产品","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU1621768115.EUR":"AZ EQUITY GLOBAL INFRASTRUCTURE \"B\" (EUR) INC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","BK4573":"虚拟现实","BK4561":"索罗斯持仓","BK4581":"高盛持仓"},"translate_title":"Verizon与Vertical Bridge达成价值$3.3 B的铁塔交易","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VZ":1,"UI":1,"QCOM":1,"IDCC":1},"content_text":"Verizon Communications Inc. VZ has officially completed the transaction related to its 6,300 wireless communication towers to Vertical Bridge REIT, LLC, one of the largest privately owned communications infrastructure operators in the United States. The deal, valued at around $3.3 billion (inclusive of certain commercial benefits) gives exclusive rights to Vertical Bridge to lease, operate and manage these assets across all 50 states. This milestone reinforces Vertical Bridge's position as a leader in the U.S. communications infrastructure market.\nVertical Bridge defined the deal as a \"transformative milestone,\" emphasizing the opportunity these under-utilized towers, often in challenging locations, provide to enhance services and build stronger customer relationships. This deal indicates a growing trend of telecom companies monetizing tower assets to focus on core operations like 5G network expansion.\nOn Sept. 30, 2024, Verizon and Vertical Bridge announced an agreement granting the latter exclusive rights to manage 6,339 towers across the 50 states and Washington, D.C. The deal was structured as a prepaid lease with upfront proceeds of $2.8 billion. As part of the deal, there will be a 10-year leaseback agreement allowing Verizon to retain capacity on the towers as the anchor tenant, with options to extend for up to 50 years.\nThe agreement builds on Verizon’s efforts to reduce tower-related costs and diversify vendor relationships. Vertical Bridge highlighted the transaction positions it to meet increasing demands for wireless infrastructure, driven by artificial intelligence (AI) and 5G.\n\nVerizon Communications Inc. Price and Consensus\n\nVerizon Communications Inc. price-consensus-chart | Verizon Communications Inc. Quote\n\nVerizon offers communication services in the form of local phone service, long-distance, wireless and data services.\nWith the ramp-up of 5G service across the country, Verizon is likely to retain its lead in promulgating 5G mobile networks nationwide by using virtualized machines, advanced levels of operational automation and adaptability. Its 5G mobility service offers a premium experience across various industries such as public safety, health care, retail and more.\nVerizon’s mmWave footprint delivers game-changing experiences for the densest parts of the network and offers highly-predictable signal waves leading to greater efficiency and less interference for customers. The company’s focus on online content delivery, mobile video and online advertising is expected to drive growth. \nHowever, stiff competition from other major players and saturation in the U.S. wireless market are hurting its profits. Heavy spending on promotional activities to attract customers is straining margins. A challenging macroeconomic environment and lower postpaid phone upgrades are major concerns.\nVZ’s Zacks Rank & Stock Price Performance\nVerizon currently carries a Zacks Rank #3 (Hold). Shares of the company have gained 6.5% in the past year compared with the industry’s growth of 27.8%.\nImage Source: Zacks Investment Research\nStocks to Consider\nSome better-ranked stocks from the broader technology space are InterDigital, Inc. IDCC, Ubiquiti Inc. UI and QUALCOMM Incorporated QCOM. IDCC and UI presently sport a Zacks Rank #1 (Strong Buy) each, whereas QCOM carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nThe Zacks Consensus Estimate for InterDigital’s 2024 earnings per share (EPS) is pegged at $15.22, unchanged in the past seven days. IDCC earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 163.7%. The company’s long-term earnings growth rate is 15%. Its shares have jumped 64.4% in the past six months.\nThe Zacks Consensus Estimate for Ubiquiti’s fiscal 2025 EPS is pegged at $7.30. In the last reported quarter, Ubiquiti delivered an earnings surprise of 20.9%. Its shares have increased 18.9% in the past year.\nThe Zacks Consensus Estimate for QCOM fiscal 2025 EPS is pegged at $11.14, unchanged in the past seven days. QUALCOMM Incorporated earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 7.57%. Its shares have increased 10.3% in the past year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nQUALCOMM Incorporated (QCOM) : Free Stock Analysis Report\nVerizon Communications Inc. (VZ) : Free Stock Analysis Report\nInterDigital, Inc. (IDCC) : Free Stock Analysis Report\nUbiquiti Inc. (UI) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494034292"}