Tag Archives: wireless towers

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]

Has T-Mobile Hired Advisors To Sell Wireless Towers?

T-Mobile has hired TAP Advisors LLC to help explore the option of selling the company’s wireless towers and raise cash. Deutsche Telekom hired the New York bank to continue the search for a buyer after an attempt to sell off the company’s towers failed last year said people familiar with the matter. A tower sale could raise as much as $3 billion, according to an estimate by Kevin Smithen, an analyst at … [read full article]