Tower Cloud: Communications Sales & Leasing Completes Acquisition of Tower Cloud

LITTLE ROCK, Ark., Aug. 31, 2016 - Communications Sales & Leasing, Inc. ("CS&L" or the "Company") (Nasdaq:CSAL) announced today the completion of its acquisition of Tower Cloud, Inc. ("Tower Cloud"). The Company used cash on hand and borrowings under its revolving credit facility to fund the $185 million cash portion of the purchase price and transaction costs, and issued 1.9 million common shares.