Tech content trusted by users in North America and around the world
6,726 Reviews & Articles | 46,153 News Posts
TRENDING NOW: AMD's dual Fiji chip spotted as Radeon R9 Gemini, is this the Fury X2?

T-Mobile close to inking deal that will see them sell 7,000 cell towers for approximately $2 billion

T-Mobile to sell 7,000 mobile cell towers and rake in $2 billion
| Business, Financial & Legal News | Posted: Aug 2, 2012 4:33 am

If reports floating around are true, T-Mobile are close to inking a deal that would see them selling 7,000 cell towers for approximately $2 billion. Crown Castle International is the current lead bidder for the cell towers, reports the Wall Street Journal.




After a failed acquisition by AT&T, T-Mobile could do with the cash injection, being the fourth-largest US wireless carrier. T-Mobile received $1 billion in wireless spectrum and another $3 billion in cash from AT&T as part of the breakup deal. T-Mobile would also benefit in other ways from the sale of the cell towers in the form of saving money on tower upkeep and service over the coming years.


T-Mobile could also use some of the $2 billion to help build their 4G LTE infrastructure as part of a program that will see the company spend roughly $4 billion over the next few years. Rival bidders for the 7,000 cell towers are lead-bidder Crown Castle International, American Tower Corp. and Global Tower Partners. Once the deal is done, we should hear again and we'll keep you updated.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases