AT&T said on Friday it has secured $850 million through the sale-leaseback of its underused central office facilities that house its legacy copper networks to real estate development firm Reign Capital.

Reign Capital is taking ownership of dozens of facilities that house equipment for the telecommunications company’s outdated copper network.

I’m very pleased that the Supreme Court has denied the legal challenge to the Affordable Broadband Act. I authored the Act when the COVID pandemic made it abundantly clear that affordable internet access is an essential service and must be available to all New Yorkers,

Dallas-based telecom giant AT&T said it has secured $850 million from its sale-leaseback of 74 underused central office facilities to Oklahoma City-based Reign Capital.

EPS $0.50, revenues $32.04B. Stock up 36% in past year, bullish trend continues. Analysts see 22% upside, price target $23.52.

In trading on Wednesday, shares of AT&T were yielding above the 5% mark based on its quarterly dividend (annualized to $1.11)

Texas Gov. Greg Abbott asked the federal government for $11 billion as a reimbursement for the border security measures he implemented. 'Mad Money' host Jim Cramer looks ahead to next week's market moving moments.

A new speed-test report ranks AT&T Fiber as having the fastest median download speeds, but Verizon Fios also had a good showing.

AT&T completed a structured sale-leaseback of underutilized central office facilities with private real estate development firm Reign

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The telecommunications giant sold 74 outdated properties while retaining control over any redevelopment plans.