@Muscle... I told you.
Comcast Unit Buys 120 Telecom Towers
BY Midnight Trader
03:44 PM EST, 11/23/2015 (MT Newswires) -- CTI Towers, a majority-owned Comcast ( CMCSA ) unit, disclosed on Monday that it bought 120 telecom towers from Vyve Broadband. The towers are currently being leased by Verizon (VZ) , AT&T ( T ) , T-Mobile (TMUS) and Sprint ( S ) .
This recent acquisition raises speculation that Comcast ( CMCSA ) is considering a move into the wireless business. Last month, Comcast ( CMCSA ) notified Verizon ( VZ ) that it planned to execute a three year-old option to use Verizon's ( VZ ) spectrum.
Shares of Comcast ( CMCSA ) are more than 1% lower at $62.11, near the high of its 52-week range of $50.01 to $64.99.
Price: 62.12, Change: -0.78, Percent Change: -1.24