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 Urban

16 Oct 2025

Shivraj Singh Chouhan inaugurates ICAR-IIMR admin block in Ludhiana

Union Agriculture Minister Shri Shivraj Singh Chouhan recently inaugurated the administrative building at the Indian Council of Agricultural Research – Indian Institute of Maize Research (ICAR-IIMR) in Ludhiana, Punjab. During the visit, he interacted with maize stakeholders, farmers, rural development scheme beneficiaries, and women self-help group (SHG) members. He said that under the leadership of Prime Minister Narendra Modi, the government’s key goals include boosting foodgrain production, reducing input costs, and improving farmers’ incomes. He highlighted the importance of div..

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TCIL honoured with HR Excellence Award 2025

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