Sept 30 (Reuters) - U.S. wireless carrier Verizon
Communications ( VZ ) will give digital infrastructure firm
Vertical Bridge exclusive rights to lease, operate and manage
thousands of mobile phone towers in a $3.3 billion deal, the
companies said on Monday.
The deal includes 6,339 wireless communication towers across
all 50 states and Washington DC from the subsidiaries of
Verizon.
Vertical Bridge, which operates as a real estate investment
trust, has more than 500,000 sites in the United States that
includes wireless and broadcast towers.
The Florida-based REIT was co-founded by Alex Gellman in
2014. It has partnerships with companies including AT&T ( T )
and T-Mobile US ( TMUS ).
Verizon had earlier said in September it would buy
fiber-optic internet provider Frontier Communications
in an all-cash deal worth $20 billion.