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Encana may cut dividend in ‘radical change’
– theglobeandmail.com
Analysts expect Encana’s CEO to address struggling company’s dividend policy when third-quarter results are reported Wednesday
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– theglobeandmail.com
Surprising success of U.K. postal service’s IPO shows struggling Canada Post what could have been
A monthly roundup of financial market news
Expect weak earnings from miners — and a glimmer of hope
– theglobeandmail.com
Companies have been in turmoil, trying to operate amid the downturn in metal prices
AT&T inks $4.85 billion deal to lease, sell wireless towers to Crown Castle International
– canadianbusiness.com
DALLAS – AT&T is leasing or selling the rights to 9,700 wireless towers for $4.85 billion as it generates cash to buy back stock, fund an acquisition and upgrade its cellular telephone system.
The Dallas company said Sunday that it will lease about 9,100 towers and sell another 600 to Crown Castle International Corp. in a deal that’s expected to close by the end of the year. AT&T, the nation’s largest telephone company, said in a statement that the deal won’t have any impact on its customers.
AT&T will sublease capacity on the towers from Houston-based Crown Castle for at least 10 years, with an option for 50 more.
Crown Castle, which operates wireless communications towers across the U.S. and in Australia, said the deal gives it the ability to add tenants to the towers. It will fund the deal with cash on hand, and equity and debt financing.
The move gives AT&T cash to fund a plan announced in July to buy back 300 million of its shares on top of a repurchase plan that it was just completing…
The Dallas company said Sunday that it will lease about 9,100 towers and sell another 600 to Crown Castle International Corp. in a deal that’s expected to close by the end of the year. AT&T, the nation’s largest telephone company, said in a statement that the deal won’t have any impact on its customers.
AT&T will sublease capacity on the towers from Houston-based Crown Castle for at least 10 years, with an option for 50 more.
Crown Castle, which operates wireless communications towers across the U.S. and in Australia, said the deal gives it the ability to add tenants to the towers. It will fund the deal with cash on hand, and equity and debt financing.
The move gives AT&T cash to fund a plan announced in July to buy back 300 million of its shares on top of a repurchase plan that it was just completing…
