Reuter site - AT&T seeking buyers for towers, could fetch $5 billion - Bloomberg

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AT&T seeking buyers for towers, could fetch $5 billion - Bloomberg

Tue, Sep 17 13:53 PM EDT

(Reuters) - AT&T Inc is seeking buyers for its wireless telecommunication towers and is working with TAP Advisors LLC and JPMorgan Chase & Co on the sale, Bloomberg reported, citing people familiar with the matter.

The assets could fetch about $5 billion and buyers could include Crown Castle International Corp, SBA Communications Corp and American Tower Corp, the report said, citing one of the people. (http://link.reuters.com/qus23v)

AT&T declined to comment.

(Reporting by Sruthi Ramakrishnan in Bangalore and Sinead Carew in New York; Editing by Maju Samuel)