T-Mobile USA Considering Asset Sale
Speaking at an investor event today, Deutsche Telekom CEO Rene Obermann said that T-Mobile USA would consider selling non-core assets such as its cellular towers to raise cash for future investments if needed. Obermann and new T-Mobile USA CEO Philipp Humm were discussing the future of the country's fourth-largest carrier. Part of the company's plan will be to reduce churn (customer turn-over rate) to 2% in 2011 and to 1.8% in 2012. The executives also noted that the Sidekick 4G, Samsung Galaxy S 4G and 4G tablets will launch in the first half of 2011. Sprint offloaded its cellular towers several years ago in a bid to reduce operating expenses.
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Sprint Cuts 2,500 Jobs to Reign In Expenses
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AT&T and Verizon Will Work Together On Future Cell Towers
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Sprint Says It Will Offer Nationwide 5G By Mid-2019
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Sprint to Sell Certain Network Assets for $2.2 Billion
Apr 7, 2016
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.
Selling off its towers would not be a bad move.
Maybe if they spent more time investing in 3G coverage
T-Mobile would blow the competition out of the water if they would just start expanding their 3G coverage faster. I don't see the roll outs anymore. They seem to be ignoring the smaller markets that is why I
MY NETWORK IS SO SMART