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,

Pioneering transaction monetizes properties with development potential, reduces operating expenses, and provides revenue sharing

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The telecommunications giant sold 74 outdated properties while retaining control over any redevelopment plans.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