Home › News ›

T-Mobile Selling Off Rights to 7,200 Cell Towers

Sep 28, 2012, 7:33 AM by Eric M. Zeman
updated Sep 28, 2012, 8:41 AM

Updated: corrected reference to Crown Castle's relationship with DT.

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.

Related

Samsung Refreshes Galaxy S Series with S Pen, New Cameras

Feb 9, 2022
Samsung today announced its lineup of flagship phones for 2022: the Galaxy S22 series. The top-end S22 Ultra sees the biggest changes as it essentially absorbs Samsung's Note series with an integrated S Pen stylus and a more Note-like shape and design, instead of the Contour Cut design of the other models.

iPhone 13 Upgrades Cameras, Displays

Sep 14, 2021
Apple today announced the iPhone 13 series. All models feature improved battery life, display, cameras, and processor.

US Mobile Offers Half Off First Year of Service For Prime Day

Jun 18, 2021
US Mobile is once again offering a promo of 50% off the first year of service for new customers. The promo is available to anyone buying a US Mobile starter kit on amazon.com during Amazon's Prime Day sale, June 21–22.

Moto g stylus 5G Comes to AT&T, Cricket, Boost with Heavy Discounts

Jul 9, 2021
Boost Mobile started selling the new Motorola moto g stylus 5G this week. Cricket starts selling the phone today , and AT&T will start sales July 16th.

Samsung Puts its Best Camera Yet in the Galaxy S23 Ultra

Feb 1, 2023
Samsung has officially unveiled its new flagship phones for 2023: the Galaxy S23 series. The S23 and S23+ have modest upgrades over last year's models, while the S23 Ultra has a significantly upgraded main camera.

more news about:

Comments

This forum is closed.

This forum is closed.

Versed

Sep 28, 2012, 7:46 AM

Let me get this strait?

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 have been 167 discussion messages on how they're out to screw sociey.

Globhead

1. No, they are not selling towers to themselves.

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...
(continues)

...

johnhr2

VZW and AT&T both lease out towers or lease towers to use, its not a new concept.

...

crossedsignals

From Crown Castle's SEC Form DEF 14A (shows all owners of CCI holding >5% of the firm):

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.

...
(continues)

Mark_S

Spellcheck=Straight

...

muchdrama

Versed said:
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

...
(continues)

Page 1 of 1