Cell Tower Stocks Benefit From AT&T Plans: Tech Business Report
Stocks of domestic cell tower owners SBA Communications Corporation (NASDAQ:SBAC), American Tower Corporation (NYSE:AMT), and Crown Castle International Corp. (NYSE:CCI) are moving up Wednesday from AT&T’s capital expenditure plans to step up the offer of 4-gigabyte LTE services as a broadband choice for rural areas. Wells Fargo believes that American Tower should benefit from AT&T’s plan to add 10,000 new cell sites and 40,000 small cells. Citigroup says that Ciena Corporation (NASDAQ:CIEN) and Adtran (NASDAQ:ADTN), among others, should appreciate AT&T’s wireline investments.
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