Tower companies strategize to raise cash

Vertical Bridge issues $1.4B in notes backed by revenue from 3,526 tower sites

If interest rates rise this year, those who raised cash early will seem prescient. “Higher-than-expected inflation outturns and rising wage growth and services inflation (including rental inflation) have raised Fed concerns that inflation is broadening beyond the pandemic-related goods price shock, potentially warranting earlier or faster rate rises,” according to a Jan. 11 Fitch Ratings […]

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