Pacific Gas And Electric Co logo

PCG PR A - Pacific Gas And Electric Co News Story

$30.01 0.3  1.0%

Sector
Utilities
Size
Market Cap £5.70bn
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 6851

BRIEF-Pacific Gas And Electric Co - Entered Into A Master Transaction Agreement With A Unit Of Sba Communications Corp

Tue 2nd February, 2021 10:48pm
Feb 2 (Reuters) - PG&E Corp  PCG.N :
    * PACIFIC GAS AND ELECTRIC CO - ENTERED INTO A MASTER
TRANSACTION
AGREEMENT WITH A UNIT OF SBA COMMUNICATIONS CORP
    * PACIFIC GAS AND ELECTRIC CO - TO GRANT SBA LICENSE TO
SUBLICENSE, MARKET CELL SITES ON OVER 700 EFFECTIVE DATE TOWERS
TO CARRIERS TO ATTACH WIRELESS COMMUNICATIONS EQUIPMENT
    * PACIFIC GAS AND ELECTRIC CO - AT DEAL CLOSE, SBA WILL PAY
UTILITY A PURCHASE PRICE OF ABOUT $973 MILLION
    * PACIFIC GAS AND ELECTRIC CO - TERM OF LICENSE AGREEMENT
WILL BE
FOR 100 YEARS FOLLOWING DEAL CLOSE
    * PACIFIC GAS AND ELECTRIC CO - UTILITY AND SBA WILL ENTER
INTO A
MASTER TRANSMISSION TOWER SITE LICENSE AGREEMENT

Source text for Eikon: [ID: https://bit.ly/3ttAJ4r]
Further company coverage:  PCG.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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