NEW YORK CITY—Verizon Communications is planning to sell and lease back its wireless network towers by the end of this year, a deal that could raise about $6 billion, according to published reports. Bloomberg and Reuters reported Tuesday evening that the nation’s largest mobile-phone company has hired TAP Advisors, which advised on two previous tower portfolio deals. A Verizon spokesman tells GlobeSt.com the company has no comment.

According to Bloomberg, a sale would involve about 12,000 towers and could be announced within 30 to 60 days. The estimated $6-billion selling price is based on the per-tower price that AT&T got in 2013 when it sold Crown Castle International 600 towers and the exclusive rights to lease 9,100 more for $4.83 billion.

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