AT&T Wireless and Sprint to Cooperate in the Construction of New Wireless Towers

AT&T Wireless and Sprint today announced they have signed an agreement through which they will cooperate in the construction of new wireless towers. The agreement will enable the companies to reduce the number of towers they build and the capital expenditures associated with this activity. The companies will identify areas of overlap and decide which company will build and maintain the tower and which will co-locate its network facilities on it. AT&T Wireless and Sprint expect to begin implementing the agreement in the first quarter of 2003.