AT&T Raises $850 Million Through RE Sale-Leaseback with Reign Capital

29 Jan 2025 CW Team

AT&T has secured $850 million by selling and leasing back underutilised central office facilities housing its legacy copper networks to real estate firm Reign Capital. The telecom giant plans to phase out most of its copper network operations by 2029 as customers transition to fibre optics and wireless technologies, which require less space and offer improved speed and reliability.

The sale-leaseback agreement allows AT&T to retain only the necessary space for network operations while unlocking capital. The deal, finalised in early January, involves 74 properties nationwide but affects only a small portion of AT&T's central offices. The company confirmed that the transaction will not impact jobs or service offerings.

(ET)

Infrastructure Transport

10 Mar 2026

A B Infrabuild Secures Rs 630 mn NHAI EPC Order in Odisha

A B Infrabuild has secured an engineering, procurement and construction (EPC) contract from the National Highways Authority of India (NHAI) for a project in Odisha valued at Rs 630 million (Rs 630 mn). The award forms part of the company's ongoing pursuit of highway and infrastructure assignments and follows its recent bidding activity in eastern India. The contract reflects continued public investment in road connectivity in the region and adds to the firm's announced contract wins. The contract will be recorded in the company's order book and disclosed in line with regulatory norms. The proj..

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Southern Railway To Build Three-Metre Road At Vattavila

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