Sprint Sells Its Cell Towers
Article Comments 49
Jul 24, 2008, 8:11 AM by Eric M. Zeman
Sprint announced the sale of nearly all its cellular towers to TowerCo for $670 million in cash. The deal includes approximately 3,300 CDMA and iDEN network towers. TowerCo will take over the running and maintenance of the towers, and Sprint will lease the use of the towers from TowerCo so it may continue to run its network. The sale frees up Sprint personnel from managing the towers, and gives Sprint a large amount of cash, both of which will help it focus on its core business of providing communications services.
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this spells CATASTROPHY!
SS EarlGoodman said:
Although it is rather fun to see sprint spiral down the toilet like last weeks turd that didnt get flushed.
🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 🤣 My thoughts exactly!...
With this sale, expected to be completed in about 90 days, Sprint will continue to own only a relative handful of the 65,000 towers that support its national ...
Yeah... I am sure you have a business degree and know that a company with millions of customers is making a bad call with their company.
Sprint is one of the few carriers that operates/owns its towers. Although I think they need an infusion of capital right now, the amount they are receiv...
Really a bad idea?
Improves their balance sheet
Common business practice
This is actually a common practice in this industry.
WOW can you say cash strapped!!!!!!!!!!!!!
But what does that mean for new t...
Sprint could be thinking about buying customers back.
I love the fact....
To add to that thought: do you think someone @ Sprint woke up today and said "Lets sell all our towers!!!!!111ONE!"? Seriously? This is called a business PLAN. It was planned, executed, and successfully implemented by people who get paid more than any of you. Speculation is one thing, but seriously guys, get off your high horse and use your brains abit before opening your mouths(or before clicking the submit button).
Its a preiview of things to come.