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Sprint sells off its towers

Posted: , by Brian K.

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Sprint sells off its towers
In a move that will net Sprint approximately $670 million, Sprint announced that they will be selling 3,300 towers- nearly all of them- to TowerCo.  Not only will the move bring in some liquid cash for Sprint, but it will free them from the operation and maintenance costs and allow them "greater flexibility to manage the company" according to senior vice president Bob Azzi.  Sprint and TowerCo have an agreement to enter a long-term lease for CDMA, WiMax and iDEN support on the towers.  The deal is expected to close in 90 days.

source: InformationWeek via Engadget Mobile

48 Comments
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posted on 20 Oct 2010, 01:42

1. rj04 (unregistered)


the first of many big moves from sprint/nextel?

posted on 25 Jul 2008, 10:58

2. (unregistered)


towers today...company tomorrow HAHAHA

posted on 28 Jul 2008, 02:47

24. E.N. (unregistered)


I don't get it

posted on 28 Jul 2008, 16:16

33. ag (unregistered)


To E.N HES SAYING FIRST THE TOWERS DONT EXIST THEN SPRINT WONT EXIST

posted on 25 Jul 2008, 11:33

3. (unregistered)


This is the kind of stuff you dont wanna read about a big company like Sprint.. It's only going to make things worst eventually..

posted on 25 Jul 2008, 11:44

4. (unregistered)


what a last ditch move. this is like having to mortgage off your properties in monopoly to pay rent to another player. Big gamble that doesnt normally pan out. One wrong move and .. poof.. bye bye sprint.

posted on 25 Jul 2008, 11:57

5. szaldana (Posts: 19; Member since: 20 May 2008)


I feel bad for Sprint. In an effort to make things better for their company, they are just making it worst little by little. They should just sell the entire company instead of loosing more money, customer, and now I think quality.

posted on 25 Jul 2008, 12:45

6. (unregistered)


Why don't I see anything about EV-DO support? I'm getting nervous...

posted on 25 Jul 2008, 13:38

7. (unregistered)


Sprint will be merging with Clearwire more than likely this fall. No need to panic. Once wimax is rolled out Sprint will be kicking @ 5MBPS + verus other slower carriers.

posted on 25 Jul 2008, 13:39

8. (unregistered)


Sprint and ATT is last of the American owned Cell phone companies. Everyone else is owned by Germany.

posted on 25 Jul 2008, 14:28

9. vzwrep (unregistered)


no really verizon is majorly owned by verizon co. which is a US (eastcoast) company. Vodafone only owns a portion of verizon.

posted on 25 Jul 2008, 16:39

10. (unregistered)


hush, both of u

posted on 25 Jul 2008, 19:28

14. (unregistered)


Who died and made you mommie

posted on 26 Jul 2008, 14:22

19. (unregistered)


actually verizon is owned by vodafone they control 51 percent of the company

posted on 27 Jul 2008, 18:22

22. polo (unregistered)


no its a 55% 45% in favor of verizon

posted on 04 Nov 2008, 18:02

48. (unregistered)


Polo You got it. Below text From Wikipedia Cellco Partnership, doing business as Verizon Wireless, owns and operates the second largest wireless telecommunications network in the United States, based on a total of 70.8 million U.S. subscribers,[1] behind AT&T Mobility's 74.9 million subscribers.[2] Verizon Wireless has the highest revenue of all wireless companies based within the United States, with an annual revenue of $43.9 billion. Headquartered in Basking Ridge, New Jersey, the company is a joint venture of Verizon Communications and Vodafone Group, with 55 and 45 percent ownership respectively. They claim their wireless network covers geographic regions that contain a population of 260 million people within the United States.[3]

posted on 25 Jul 2008, 18:19

11. borg (unregistered)


so there service is going to suck worse that it does now how nice

posted on 25 Jul 2008, 18:40

12. (unregistered)


So selling the stuff to another co. to maintain is smart to me, one less thing to worry about and 670M in cash to loose a headache is alright to me. All of thier towers weren't sold plus I'm pretty sure vzw and att don't own all the towers they operate on

posted on 26 Jul 2008, 05:40

16. (unregistered)


actually Verizon does own it's cell towers. of course there are agreements in place w/ other carriers in case you need someone else's towers. but that is standard for other companies also.

posted on 25 Jul 2008, 19:18

13. (unregistered)


What they are doing by doing this is hiring the techs and engs at a reduced salary rate, very smart.

posted on 26 Jul 2008, 03:20

15. Karlos89 (unregistered)


What this really means is when there is a maintenance issue or down cell tower the left hand has to talk to the right hand to get it fixed. Or to put it better in Sprints terms, the left nut has to talk to the right nut. God Sprint is so desperate. They will fix their business problems as soon as they can fix their customer service. Until then they will stay ignorant. It makes me laugh my ass off when I hear at&t is suing to stop the proposed sprint / clearwire -Xohm deal. LOOOL!!!! Sprint can't catch a break no matter what they do.

posted on 26 Jul 2008, 07:35

17. wboraby (unregistered)


What does it matter anyway, ever since i got the instinct my reception has been horrible.Put in a ticket and they came out and looked at my area and the tower and said everything is fine, find that hard to beleive when i am not getting calls or dropping them. Almost about that time to switch to the best network of them all, Verizon or wait around and see if that airave signal booster helps out, but why should i have to pay out of my pocket for that for better reception.

posted on 26 Jul 2008, 15:01 1

20. (unregistered)


hey boo boo number 19 is right, its the device that determins if u get service or not remember sprint is the PROVIDER NOT THE MANUFACTURER.. and to answer everyone question about customer service with sprint.. It's getting better you forget we got a new CEO the old one( Gary forsee) did'nt care he was in it for the money. Sprint is seriously tring to make ammends and no one one to give them a chance to Move forward and when we are the first company to come put with 4G phones Sprint will whipe the floor with all the other carriers.

posted on 28 Jul 2008, 14:19

29. (unregistered)


Well you obviously work for Sprint.... Congrats on keeping your job this far. You will be singing a different tune shortly. 4G will do nothing for Sprint. Every company is going for Sprints jugular and they will eventually lose out. Think about the Towers being sold. Sprints main income was from roaming agreements with companies like Virgin mobile etc... Sure they got some quick cash but it wont pull them out of the hole. 2-5 years down the road they will be in more trouble than they are in now. Its no different than me quitting my job and pawning off everything I own. Sure I would be good for a while but eventually id be broke too. I would consider applying for a new job as soon as you can.

posted on 26 Jul 2008, 08:05

18. (unregistered)


What is the reason to complain about coverage for, it's the device that determines that. Sprint owns thier towers too, all of them weren't sold

posted on 26 Jul 2008, 16:35

21. Mark Regan (unregistered)


They have already sold their "customer service" down the tubes. Now the towers. Pretty soon they will outsource their technology and sales offices, their hardware platforms, and will be only a "shell" company traded on Wall Street, instead of the innovative wireless company they used to be. I say good riddance. ATT should be next. When you call them, someone answers in Manila, and can't understand our thick American accents. When you go in person to their store, they are locked up with a sign advising us to call their toll-free number. When is a wireless (or hardwire, for that matter) company going to pretend to have the American consumer at the center of it's operations instead of their stockholders? So far, I've found T-Mobile to provide the best service and support in America, and they're not even an American company. Bye, bye Sprint/Nextel. Bye, bye ATT. Hello Google and T-Mobile. They are the only innovative, customer centric companies actually interested in making money by providing what customers want and need.

posted on 28 Jul 2008, 14:21

30. (unregistered)


You must have forgot about Verizon there. 55% american company and ALL of the customer service is local like tennesse or nebraska. Also dont forget about the #1 rated Customer service of Verizon. TMobile definatly has great customer service but thats about it.

posted on 29 Jul 2008, 18:06

41. HeyTreTre (unregistered)


Dont forget about the HUGE Tech Suport Call center in Houston i know cuz i worked there verizon refuses to outsource becuase PEOPLE HATE THAT So yeah they gotta charge a little more i would rather pay 10 bucks more a mont and speak to an american citizen when i call then save 10 and spend 5 hours trying to understand what the hell the guy on the other end is saying But im on ATT for now, waiting for VZW to cut the price on the deposit. Then i will go back to that wonderful service, by far the fastest smoothest data transfer And im on att 3g right now But they are a lil behind on VZW even though theoretically the HSDPA should top out at 3.6 mbps T-Mobile . . HAHAHA ...thats funny, they are just trying to stay around, if they dont hurry and get 3g people will start leaving Me included, i had tmobile before att but after bien on verizon living with EDGE will NOT DO So i got the next best thing ATT 3g Those are the Big doggs VZW and ATT are THRIVING Sprint is dying, tmobile is surviving

posted on 27 Jul 2008, 20:02

23. (unregistered)


Let's see how this plays out, I am one of the few that believe benefits will be reaped from it

posted on 28 Jul 2008, 09:11

25. (unregistered)


in the short term this is an ok idea, but what happemd wheen this "agreement" expires? TowerCo can then charge Sprint whatever the hell they want, as well as offer tower space to other CDMA's ... they're TowerCo's towers, after all... this is like putting a band aid on a bullet wound

posted on 28 Jul 2008, 11:00 1

26. (unregistered)


ALL OF YOU GUYS SHOULD REALLY STOP COMPLAINING ABOUT SPRINT.....SPRINT IS THE BEST COMPANY AND YOU ALL KNOW IT......SPRINT KNOWS WHAT THEY ARE DOING AND A BIG COMPANY LIKE THIS WOULDNT DO ANYTHING STUPID TO MESS THINGS UP...IT COULD BE THE TYPE OF PHONES YOU GUYS ARE GETTING SO DONT BLAME THE TOWERS....LIKE I SAID...SPRINT KNOWS WHAT THEY ARE DOING!!!!!!!!!!!!!!!!

posted on 28 Jul 2008, 16:52

36. (unregistered)


So Sprint reporting a net loss on there last annoucement is signs of a company doing better? BTW if a phone is getting horrible reception or drop calls in certain location then that is a carrier coverage issue. If everywhere then yes it would be a device issue more likely.

posted on 28 Jul 2008, 17:21

37. (unregistered)


Depends where you live @.

posted on 29 Jul 2008, 18:09

42. Heytretre (unregistered)


Sprint is fine for people in major cities that are not technically challenged if you can troubleshoot your own phone your coool, they have a decent network what KILLS them is the horrible customer servie for people who dont know how to troubleshoot I call in from my helpdesk to get blackberries properly provisioned I know EXACTLEY what im talking about and still get transferred 5 times everytime i call RIDICULOUS!! the 89 unlim plan is to get them out of the hole and gain subscribers they lost 2 million the last quarter and quarter before last

posted on 28 Jul 2008, 12:23 1

27. BigKippa (unregistered)


So let me get this straight?! You have a pool in your backyard and it's costing you time and money to clean and maintain just so that you and your family and friends can use it. You only really wanted the pool in the first place so that everyone could enjoy it, but between your job, your family, and other things you have to do around the house it's just sucking the life out of you, and it's costing you $1000 a month to maintain (not including the time you spend maintaining it). So a pool company comes along and says "hey sell us the pool (in your own backyard) for $30,000, you get unlimited access to it as long as you live in the house and we'll clean, maintain, and pay for the cost of operation for $500 a month. So let's see, I get $30,000 up front and save $500 a month on top of that as long as I own it, and you'll take care of maintenance and repairs if I need it? You guys are telling me that you wouldn't jump on that opportunity as a business man or a family man? YOU'RE ALL CRAZY IF YOU SAY WOULDN'T!!!! It saves Sprint money, gives them immediate capital for other things, and relieves them of a responsibiltiy to a qualified company. Everyone is just so used to hating Sprint that they turn a blind eye to anything good they do. What I think is great is that all of this hatred and anti-sprint mentality just keeps those people from jumping off of their over-priced monthly services for service that is sub speed to sprint and for customer care that now Sprint is quickly matching and soon will be exceeding. I say BRAVO SPRINT!!!! One more fantastic decision in turning this beast of a company around, it's like making a u-turn in an aircraft carrier it make take some time, but it's happening!!

posted on 29 Jul 2008, 18:10

43. Heytretre (unregistered)


RIGHT until the pool company says by the way its our pool now and were charging others an entrance fee to it and you cant say anything about it so at 12am when some random people are in your backyard butt nekkid in the pool TOO BAD, its our pool now, we dont care about your 4yr old in the house

posted on 28 Jul 2008, 13:18 1

28. E-40 (unregistered)


Sprint is not that great AT&T is good but costs ALOT Verizon Is cheaper but the phones are just ok T-Moble just sucks

posted on 28 Jul 2008, 14:28

31. (unregistered)


wow, you probably shouldnt have even posted. It gives no valuable information and just all around sucked. Everyone on this post is now that much dumber because you posted that. You should probably just go back to the house under the power lines that you came from and never log onto the internet again. Thank You!

posted on 28 Jul 2008, 15:11

32. BigKippa (unregistered)


Who are you responding to?

posted on 28 Jul 2008, 17:52 1

39. (unregistered)


Sprint = cheapest price plans/ best broadband coverage soon soon to be 4G ATT = overprice bully/internet sucks/only going is a overated Iphone that can't copy and paste Verzion = overpriced/ great coverage/ touch phones suck/ Some amazing services offered T-mobile=outdated technology/ you can get unlimited with fav 5 leave the last fav 5 blank/ finally has cdma in certain parts of the country

posted on 28 Jul 2008, 16:22 1

34. D (unregistered)


I SMELL WIMAZ COMING SOON!! GOOD BYE 3G HELLO 4G!!

posted on 28 Jul 2008, 16:23

35. d (unregistered)


MY BAD WiMAX

posted on 28 Jul 2008, 17:42

38. (unregistered)


BigKippa, there needs to of these truely insightful post like yours. I am only with Sprint for cost savings and it used to be for cool phones and adds. But if you really look around who offers more than them for less, t mo not factoring data but when it is factored the answer is noone

posted on 28 Jul 2008, 21:12 1

40. (unregistered)


all you sprint haters make me laugh. you actually think sprint didn't do research before making a move like this. they hire people sitting around all day thinking of what to do to make things better and more efficient for them. bigkippa post #28, i agree 100% to what your are saying, glad to see someone gets the idea.

posted on 30 Jul 2008, 00:39

44. (unregistered)


#43, The same people that got them into this mess in the first place? Or did they plan to lose 34 billion dollars and fire thousands of employees. Sounds like those people you speak so highly of sitting around thinking this stuff up need a new job. Now do you get the idea? Therefore sir.... you make ME laugh!

posted on 30 Jul 2008, 16:08 1

47. (unregistered)


you are true to the definition of hater, you obviously missed my point. Good or bad, no decisions made in any company is made with out some sort of analysis ( the people sitting around the table ), go back to your hole.

posted on 30 Jul 2008, 15:44

45. (unregistered)


Its because they need the money for huge lawsuit they just lost......................that and their continuing loss of profits and overall customer base.

posted on 30 Jul 2008, 15:47

46. (unregistered)


not 4 g...........LTE

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