As part of its legacy network transformation, AT&T has completed a structured sale-leaseback of underutilized central office facilities with private real estate development firm Reign Capital. The transaction,

The U.S. telecom major is planning to exit a majority of its copper network operations by 2029 as customers shift to newer technologies such as fiber optics and wireless networks, which offer superior speed and reliability and require a smaller space to operate.

The telecommunications giant sold 74 outdated properties while retaining control over any redevelopment plans.

DALLAS - AT&T Inc. (NYSE:T) has completed a significant real estate transaction, transferring 74 of its underutilized properties to Reign Capital, a private development firm. The deal, which closed on January 8,

As part of its legacy network transformation, AT&T Inc. (NYSE: T ) completed a structured sale-leaseback of underutilized central office facilities with private real estate development firm Reign Capital.