T-Mobile Selling Off Rights to 7,200 Cell Towers
T-Mobile USA today announced that it plans to sell the rights to approximately 7,200 of its cell towers to Crown Castle International for a total of $2.4 billion. Once the transfer is completed, Crown Castle will have legal control over the towers, which means it will be responsible for operating them. Crown Castle will have the option to purchase the towers outright at the end of the 28-year leasing period for an additional $2.4 billion. Crown Castle operates 83% of the cell towers in top 100 markets and 72% of the cell towers in top 50 markets. The companies expect the transaction to close during the fourth quarter of the year. By leasing the rights to its cell towers, T-Mobile USA says it will be left with more focus and more capital to fund its network modernization efforts.
WeBoost, SureCall Roll Out In-Home Signal Boosters
WeBoost and SureCall both used CES as an opportunity to show off new cell signal boosters. Both products work in a similar fashion: they collect cell signals from nearby cell towers, amplify them, and rebroadcast them within the home to improve coverage and signal strength.
AT&T and Verizon Will Work Together On Future Cell Towers
AT&T and Verizon have tapped Tillman Infrastructure to build hundreds of small cell towers around the country. Tillman already builds, owns, and operates a series of towers and small cells.
T-Mobile Sells 600 Towers to Phoenix Tower
T-Mobile has finalized the sale of some 600 cell towers to Phoenix Tower International. The deal, first announced in August, transferred ownership and management rights to Phoenix Tower.
Court: FCC Allowed to Manage Tower Siting Process
An appeals court sided with the FCC recently in a decision that upholds the agency's authority to accelerate the process of gaining local approval for cell towers. The U.S.
Sprint to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Let me get this strait?
2. If they WERE doing that, whatever that could possibly mean, why would they pay taxes on it?
3. Your description fails to include the entity Crown Castle, so obviously you have some more work t...
Other Security Ownership
The following is a tabulation as of March 26, 2012 of our stockholders who own beneficially in excess of 5% of our Common Stock.
Let me get this strait TMO is selling/leasing towers to itself for a couple of billion? I hope they pay taxes on the sale of these towers to themselves. If VZW or AT&T pulled off this shannagans their would already h