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UPDATE 1-Crown Castle to buy rights to AT&T towers for $4.85 bln

October 21, 2013

Oct 20- Crown Castle International Corp said on Sunday that it had agreed to buy rights to about 9,700 AT&T Inc wireless communication towers for $4.85 billion in cash. Under the agreement, Crown Castle will have the exclusive right to lease and operate the AT&T towers for a weighted average term of about 28 years.

Source: http://www.cnbc.com/id/101127064
 
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