NYSE:ADWireless Telecom
Is Verizon Tower Deal Reshaping The Investment Case For Array Digital Infrastructure (AD)?
Earlier this month, Verizon Communications Inc. and Array Digital Infrastructure, Inc. announced a multi-year partnership allowing Verizon to use Array’s nationwide portfolio of 4,400 towers to enhance its 5G network, with rights to colocate on many new sites under a streamlined pricing structure.
This agreement not only deepens Array’s role as a tower-focused infrastructure provider after exiting its wireless operations, but also embeds recurring, contracted tower leasing revenue potential...