This is a Washington news story, published by Verizon: Wireless, Internet, TV and Phone Services | Official Site, that relates primarily to Verizon Communications Inc. news.
For more Washington news, you can click here:
more Washington newsFor more tech giants news, you can click here:
more tech giants newsFor more news from Verizon: Wireless, Internet, TV and Phone Services | Official Site, you can click here:
more news from Verizon: Wireless, Internet, TV and Phone Services | Official SiteOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech giants news, you might also like this article about
Verizon Communications. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Verizon Chairman news, Vertical Bridge today news, tech giants news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
VerizonVerizon: Wireless, Internet, TV and Phone Services | Official Site
•
75% Informative
Verizon Communications Inc. and Vertical Bridge have entered into a definitive agreement for Vertical Bridge to obtain the exclusive rights to lease, operate and manage 6,339 wireless communications towers across all 50 states and Washington , D.C. The transaction is structured as a prepaid lease with upfront proceeds of approximately $2.8 billion in cash.
Verizon will enter into a 10-year agreement1 to lease back capacity on the towers from Vertical Bridge , serving as the anchor tenant.
We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. [ 1 ] Initial term of 10 years , plus 8 optional renewal terms of 5 years each, subject to certain early termination rights..
VR Score
82
Informative language
87
Neutral language
28
Article tone
formal
Language
English
Language complexity
70
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
medium-lived
External references
no external sources
Source diversity
no sources
Affiliate links
no affiliate links