As Part of Its Focus on Financial Health and Customer Affordability, PG&E Agrees to $973 Million Sale of Transmission Tower Wireless Licenses to SBA Communications Corporation
The sale of these licenses, which apply to over 700 towers, is expected to generate $973 million in initial proceeds, subject to customary closing adjustments.
- The sale of these licenses, which apply to over 700 towers, is expected to generate $973 million in initial proceeds, subject to customary closing adjustments.
- Through this arrangement, PG&E will receive a portion of future revenues from these sublicensed equipment attachment locations.
- When we emerged from Chapter 11, we made a commitment to achieve financial stability and bolster our overall financial health and were delivering on that objective.
- SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems (DAS) and small cells.