AT&T announced it has secured $850 million in cash through a sale-leaseback agreement with real estate development firm Reign Capital. The deal involves 74 of AT&T's underused central office facilities across the U.S., totaling 13 million square feet. These properties primarily housed legacy copper networks that the company plans to sunset by the end of 2029.
This transaction provides immediate cash flow and includes a revenue-sharing model for future redevelopment, aligning with AT&T's broader transformation initiatives. The company will continue to make lease payments and maintain operational control of necessary infrastructure space. This strategic asset monetization supports AT&T's pivot towards modern fiber and 5G infrastructure.
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