AT&T sells towers; earnings down for Q4

By George Ponder
last updated

AT&T unloaded 235 if its cell towers last week to Florida-based Global Tower Partners. [via]

Don't worry, Sunshine State. You're not going to lose your coverage anytime soon. It's not that uncommon a practice for a carrier to sell towers, then lease them back. We reported last summer that Sprint did the same thing, albeit in a much larger deal. In that sale, 3,300 towers were sold to TowerCo LLC for $670 million. So, towers don't come cheap.

And hot on the heels of the tower sale comes AT&T's fourth-qarter earnings report (opens in new tab). [via] The bad news: earnings per share fell 10 cents compared to the fourth quarter of last year. The good news: The first three quarters of the year made up for that, with the full year EPS up from $1.97 to $2.16. And, yes, we have the iPhone 3G to thank for much of that.

George Ponder
George Ponder

George is the Reviews Editor at Windows Central, concentrating on Windows 10 PC and Mobile apps. He's been a supporter of the platform since the days of Windows CE and uses his current Windows 10 Mobile phone daily to keep up with life and enjoy a game during down time.

3 Comments
  • AT&T down, VZW up in same quarter, year / crappy economy...The secret? CALL RELIABILITY FOLKS! Those I know on AT&T can't even reliably send/receive text messages on those precious iPhones! Much less be able to rely on the phone (iPhone or not, AT&T in general) to keep a call connected! This of course is the ONLY thing I like about VZW but sheesh, isn't it the most important thing, you know, making calls? I WISH AT&T could surpass VZW on this note...one day...
  • i wish vzw could start getting new phones without the coming out on other carriers first.....epix, treo pro, treo 800w, touch pro...why are they always last?
  • I've never had issues with AT&T, and neither has my wife or family since we've been with them since 1999. I personally would never consider going to VZW simply because of the backwards CDMA tech.