Crown Castle International is acquiring rights to operate 7,200 of T-Mobile’s cellular towers in a $2.4 billion deal that will give the carrier’s owner, Deutsche Telekom, cash to expand its 4G LTE network in the U.S. The deal will allow Crown Castle to operate T-Mobile’s towers for 28 years. Both companies expressed satisfaction with the sale, with T-Mobile announcing the cash would help fulfill its “Challenger” strategy, aimed at expanding T-Mobile’s offerings and boosting its place among the country’s largest wireless providers.
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T-Mobile Sells Off Towers to Feed its 4G Needs
Posted by: Rachelle Dragani September 28, 2012 11:18 AMCrown Castle International is acquiring rights to operate 7,200 of T-Mobile’s cellular towers in a $2.4 billion deal that will give the carrier’s owner, Deutsche Telekom, cash to expand its 4G LTE network in the U.S. The deal will allow Crown Castle to operate T-Mobile’s towers for 28 years. Both companies expressed satisfaction with the sale, with T-Mobile announcing the cash would help fulfill its “Challenger” strategy, aimed at expanding T-Mobile’s offerings and boosting its place among the country’s largest wireless providers.