RELEASE

LITTLE ROCK, Ark., July 16, 2015 (GLOBE NEWSWIRE) -- Communications Sales & Leasing, Inc. ("CS&L" or the "Company") (Nasdaq:CSAL) announced today that it will issue its second quarter 2015 earnings release prior to the opening of trading on the Nasdaq Stock Exchange on Thursday, August 13, 2015. A conference call to discuss those earnings will be held the same day at 11:00 am Eastern Time (10:00 am Central Time).

The dial-in number for the conference call is (855) 542-4218 (or (412) 455-6084 for international callers) and the conference ID is 85886090. The call will also be webcast live and can be accessed at the Company's website at www.cslreit.com. A replay of the call will be available on the Company's website, or by calling (855) 859-2056 (or (404) 537-3406 for international callers), conference ID 85886090, beginning on August 13, 2015 at approximately 2:00 pm Eastern Time and will remain available for 14 days.

About CS&L

CS&L (Nasdaq:CSAL), an S&P 400 Midcap Index company headquartered in Little Rock, Ark., is an internally managed triple-net-lease real estate investment trust primarily engaged in the acquisition and leasing of communication distribution systems. CS&L currently owns 64,300 route miles of fiber, 235,200 route miles of copper and central office land and buildings across 29 states. Additional information about CS&L can be found on its website at www.cslreit.com.

CONTACT: Investor Contacts:

         Rob Clancy, 501-850-0855
         VP - Investor Relations & Assistant Treasurer
         rob.clancy@cslreit.com

         Mark A. Wallace, 501-850-0866
         SVP, Chief Financial Officer & Treasurer
         mark.wallace@cslreit.com