Major mobile carrier AT&T Inc said in a statement Friday that it is looking at the possible sale of two of its wireless broadcast towers. They note however that this would be largely dependent on the agreeable terms that the company and the potential buyers would reach, Reuters reports.
Normally in cases where mobile carriers sell wireless towers, they ensure continuous, uninterrupted services by leasing back space through the tower operators.
Based on a Bloomberg report early in the week, AT&T employed bank services for the sale of its two towers which could amount to around $5 billion.
Possibly interested buyers could be the American Tower Corp, SBA Communications Corp, and Crown Castle Intl Corp.
The wireless provider is expecting smartphone sales to surge in the third quarter of this year. This is facilitated by more innovative marketing efforts and new handset devices. It is also expecting to have smartphone base of over a million the same quarter.
Mobile phone operators such as AT&T usually present less profit margins during the period of high sales for smartphones because they normally offer subsidies for the mobile devices to attract customers to sign for a two year contract.
Projections by the company is also expected to come at 10 million Uverse-users end of third quarter. Revenue growth on consumer wireline, however, is expected to remain on track from the previous quarter.
AT&T is also concerned as it anticipates pressure on its legacy service and the revenue growth for its wireline services. This is because of the weak macroeconomic forces even in the midst of good sales performance of the company's strategic business services.
The wireless provider doesn't have any plans of changing its total outlook for 2013, with growth in EPS (earnings per share) of around 7 to 9 percent and growth in revenue going over two percent.
