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Now AT&T is Selling Off Assets to Cover FCC Auction

Snn5
Líder Sénior

http://www.bidnessetc.com/33918-att-inc-looks-to-sell-data-centers-as-fcc-auction-nears/

Considering the post of a similar nature regarding Verizon selling off towers to cove their billions spent in the recent auction it seems AT&T might be doing something similar.  One must question who these 2 companies might sell their assets (data centers and towers) to to recoup some cash.

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Re: Now AT&T is Selling Off Assets to Cover FCC Auction

Ann154
Expert

They could also be selling the tower infrastructure to another company to remove the structure maintenance from their books and then lease the space on the tower back. Then the tower owner could lease other space on the tower for other carriers or company and maintain the tower.

I'm most definitely NOT a VZW employee. If a post answered your question, please mark it as the answer.

Re: Now AT&T is Selling Off Assets to Cover FCC Auction

Snn5
Líder Sénior

Interesting point.  A savvy decision should it be made.  Make money on services while saving money on maintenance then partially leasing it back for less cost than owning.

Re: Now AT&T is Selling Off Assets to Cover FCC Auction

Ann154
Expert

Companies do it all the time for hard assets and employees they have working for them. For personnel, they reduce the number of actual employees and then contract out another company to provide additional personnel aka contractors.

I'm most definitely NOT a VZW employee. If a post answered your question, please mark it as the answer.

Re: Now AT&T is Selling Off Assets to Cover FCC Auction

GalaxyClass
Sr. Member

Ann, that is their main goal as they do not want to be in the business of tower support. Before the breakup the towers were handled by their partner ATT Long Lines. Their panel antenna arrays and related equipment are already in place on prime tower points. So they sell the site and lease back all of their equipment space and bank money in the process.

Re: Now AT&T is Selling Off Assets to Cover FCC Auction

Snn5
Líder Sénior

Seems the big companies won't be taken down easily or for long periods of time.  Obviously they had those strategies you mentioned in mind long before the first bid was placed.  I suppose, despite what some customers believe, that these companies do know what they are doing form a financial-survival aspect.

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Re: Now AT&T is Selling Off Assets to Cover FCC Auction

GalaxyClass
Sr. Member

There is more to this story as they will no longer own the tower or real estate, the FCC can't force them to share the tower with another carrier so more legal wiggle room at the next sale.

Re: Now AT&T is Selling Off Assets to Cover FCC Auction

Snn5
Líder Sénior

I like that I am now seeing and understanding more angles to the process of how all this works.

Re: Now AT&T is Selling Off Assets to Cover FCC Auction

Ann154
Expert

The tax liability is also reduced as they no longer have to pay property taxes for property they don't own anymore.

I'm most definitely NOT a VZW employee. If a post answered your question, please mark it as the answer.

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Re: Now AT&T is Selling Off Assets to Cover FCC Auction

GalaxyClass
Sr. Member

good point Ann.

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