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.
Feb 25, 2018
All four major carriers in the U.S. plan to sell the Samsung Galaxy S9 and S9+ beginning in March.
Jun 21, 2017
Virgin Mobile USA, which is owned and operated by Sprint, transformed itself today into new provider much more closely aligned with the Virgin brand. Significantly, Virgin Mobile USA is now an iPhone-only carrier, meaning Apple's iPhones are the only phones Virgin will sell moving forward.
Jan 31, 2017
AT&T today said it plans to test a wide variety of potential 5G technologies throughout the year as it evolves from 4G LTE to next-generation mobile broadband. For example, the company intends to kick off field trials of AirGig later this year.
Jul 14, 2017
Sprint plans to expand its phone leasing program to all the handsets in its lineup. Until now, Sprint has reserved its leasing program for Apple iPhones and Samsung Galaxies.
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