Reginal Thomas
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AT&T Sells Its Wireless Towers To Crown Castle

AT&T (NYSE: T) finally settled on a $4.85 billion cell tower deal with Crown Castle International Corp. (NYSE: CCI). The deal leases out or sells 9,700 wireless towers to Crown Castle. With all the extra cash AT&T is focused on a $14 billion network upgrade, and possibly expanding its reach in the European markets.