Scalper1 News
Two cellphone tower stocks on Tuesday bounced back after a sell-off on Friday amid a report that Sprint (S) plans to cut its network costs by relocating radio equipment to government-owned properties. Sprint plans to save $1 billion annually by relocating equipment to government-owned properties and rights-of-way, which would have lower rents, Re/code reported on Friday. Shares of Crown Castle (CCI) and American Tower (AMT) were up 2% and 3%, Scalper1 News
Scalper1 News