January 24, 2025 - 13:49
In a strategic move to adapt to the evolving telecommunications landscape, AT&T has successfully secured $850 million through a sale-leaseback arrangement with Reign Capital. This financing option allows the company to sell a portion of its real estate assets while retaining the necessary space to continue its network operations.
As part of its long-term strategy, AT&T plans to phase out a significant portion of its copper network operations by 2029. This decision is driven by a growing customer preference for advanced technologies, such as fiber optics and wireless networks, which offer enhanced speed and reliability compared to traditional copper lines. The transition to these modern solutions not only aligns with consumer demand but also requires less physical space to operate, making it a practical choice for the telecom giant.
By leveraging the sale-leaseback structure, AT&T can bolster its financial position while ensuring that it maintains the critical infrastructure needed for its ongoing operations. This move reflects the company's commitment to innovation and adaptability in a rapidly changing industry.
June 23, 2025 - 23:14
Katherine Cruz Elevated to Engineering Manager at Hancock AssociatesDanvers, MA—Hancock Associates has announced the promotion of Katherine Cruz, P.E., LEED AP, to the position of Engineering Manager. Known affectionately as `Katie` among her colleagues, Cruz has...
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Will the US-Iran War Trigger an Economic Crisis in America?As tensions escalate between the United States and Iran, concerns are mounting about the potential repercussions on the American economy. Analysts warn that a prolonged conflict could lead to...
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This Week's Most Sought-After Brooklyn Properties: A Focus on Ditmas ParkIn the latest round-up of popular Brooklyn listings, attention has shifted to an array of charming properties, including a notable Colonial Revival home in Ditmas Park. These listings showcase the...
June 22, 2025 - 03:50
The Celebrity Influence: Montecito's Real Estate BoomIn recent months, the serene community of Montecito has experienced a dramatic surge in real estate activity, fueled by a blend of celebrity allure and rising buyer anxiety. Nestled in the...