Deutsche Bank Predicts Revenue Impact Of AT&T/T-Mobile Merger (T, CCI, AMT, SBAC)

Deutsche Bank Predicts Revenue Impact Of AT&T/T-Mobile Merger (T, CCI, AMT, SBAC)

Deutsche Bank has predicted the revenue impact on public tower companies by the AT&T (NYSE: T) acquisition of T-Mobile.

According to Deutsche Bank, "Yesterday, all 3 public tower companies issued statements detailing the portion of their towers that generate revenue from both AT&T and T-Mobile. These are the sites where one of the overlapping leases may not be renewed following the merger as the newly combined carrier looks to achieve network cost synergies. Based on these disclosures, AMT and CCI have less NT exposure than SBAC, but in general the revenue risk looks small (4-6% of total revenue) and is spread between an average of 3-7 years. We therefore maintain BUY on all 3 stocks."