U.S. Cellular today said it has agreed to sell 595 of its cell towers to Vertical Bridge Holdings for $159 million.
U.S. Cellular called the cell towers “non-strategic assets” and said it will use the proceeds of the sale to invest in future growth opportunities. The company expects to complete the sale during the first quarter of 2015.
U.S. Cellular didn’t indicate what portion of its cell towers are included in the sale or how many it will still own once the sale is finalized.
