Tag Archives: crown castle

T-Mobile Tower Deal Leases 7,200 Locations For $2.4 Billion

T-Mobile USA has agreed to sell the rights to operate 7,200 of its wireless towers to Crown Castle International Corp in a deal worth $2.4 billion. In the deal announced this morning, Crown Castle also gains the option to pay another $2.4 billion to buy the towers from T-Mobile USA outright at the end of a 28 year term for each tower for another $2.4 billion. The towers will support enough space … [read full article]

Likely Buyer Emerges For Purchase Of T-Mobile Towers

Cellphone tower operator Crown Castle International is now said to be the leading bidder on T-Mobile’s 7,000 towers in a deal worth more than $2 billion, said people familiar with the matter. According to the Wall Street Journal, rival tower operators American Tower and Global Tower Partners are still in the mix, but talks with Crown Castle are “more advanced after final bids landed in early July.” Negotiations with Crown Castle could … [read full article]