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

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Let me get this strait?

Versed

Sep 28, 2012, 7:46 AM
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.
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Globhead

Sep 28, 2012, 9:35 AM
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 to do.
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Versed

Sep 28, 2012, 9:51 AM
1. See 3.

2. Because they're selling it to a shill corporation which both are owned by the parent. Since on paper its a different entitiy they should pay tax on the income.

3, Crown Castle is owned by DT, TMO US is owned by DT. Whats so hard to figure out about that?
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ParagonAwesome

Sep 28, 2012, 10:05 AM
Versed said:

3, Crown Castle is owned by DT, TMO US is owned by DT. Whats so hard to figure out about that?

TMO, Crown and DT are all operated as SEPERATE companies that provide SEPERATE services.
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rawvega

Sep 28, 2012, 12:39 PM
Versed said:


3, Crown Castle is owned by DT,


😳 Um, when did that come about?
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johnhr2

Sep 28, 2012, 9:44 AM
VZW and AT&T both lease out towers or lease towers to use, its not a new concept.
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Versed

Sep 28, 2012, 9:52 AM
Read the whole artical. They all may lease, but not to themselves.
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johnhr2

Sep 28, 2012, 9:57 AM
I never said anything they lease to themselves. They lease them out to tower companies or other type of companies, or lease from companies to use towers.
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T Bone

Sep 28, 2012, 12:33 PM
This is what I don't get....why sell (or lease) your towers to a third party? Doesn't that make it harder to repair them when they go down, and doesn't it put them at the mercy of a third party? I get the 'raising revenue' thing....but on the surface it doesn't seem like a particularly good idea to me.... 😕
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Globhead

Sep 28, 2012, 12:41 PM
> why sell (or lease) your towers to a third party?

1. Because they don't want to deal with maintaining the physical tower.

2. Because the company buying the towers can rent space on them to additional carriers, and is willing to give a large chunk of money for that ability.

> Doesn't that make it harder to repair them when they go down

I have no idea why you think that. I rent my home. I don't have to deal with local property taxes or maintenance of the building, and yet none of those benefits interfere with me repairing my computer when it breaks.
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T Bone

Sep 28, 2012, 8:13 PM
"I have no idea why you think that. "

Because, you know the old saying 'if you want something done right you have to do it yourself', if you're relying on a third party to fix the towers, and they fail to do so...then what? You mention living in an apartment building, but what if your landlord is a slum lord who doesn't really care if your furnace ever gets repaired?

When I worked for at&t, we could look up individual towers and see if they were working, and often there would be one particular tower which would be listed as 'severely degraded' and it would say that it was 'scheduled to be repaired' and sometimes literally for months nothing would be done about it...
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island-guy

Sep 28, 2012, 12:46 PM
I think it has to do with the maintenance and upkeep for the towers. All of the carriers employ contractors to do the tower work for them so it probably is less of a headache. Many big corporations also setup smaller companies for products/services that they would otherwise outsource to a third party, this happens all the time in heavy construction as far as I've seen. This would be kind of shady if this was all done under the umbrella of DT because it's a pretty sizeable chunk of change. The IRS will never let this fly without getting their cut in this day and age.
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crossedsignals

Sep 28, 2012, 4:14 PM
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.

Shares Beneficially
Owned

Beneficial Owner
Number Percent(a)

T. Rowe Price Associates, Inc. (b)
33,598,667 11.47 %

100 E. Pratt Street

Baltimore, MD 21202

SPO Partners & Co. (c)
28,096,957 9.59 %

(including affiliates and related investment funds)

591 Redwood Highway, Suite 3215

Mill Valley, CA 94941

Capital Research Global Inve...
(continues)
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Mark_S

Sep 29, 2012, 3:55 PM
Spellcheck=Straight
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Haggard

Sep 30, 2012, 12:38 PM
eye no rite?
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muchdrama

Oct 1, 2012, 3:45 PM
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 have been 167 discussion messages on how they're out to screw sociey.


You did not, in fact, get this straight at all.
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