T-Mobile tower sale could net nearly $3 billion for Deutsche Telekom
The 7,500 cell towers owned by T-Mobile is the largest number of such towers currently up for sale. Sprint did a sale-leaseback three years ago when it sold 3,080 towers to TowerCo for $680 million. Sprint used the proceeds to reduce debt. Thanks to the leaseback arrangement, T-Mobile will not be losing any tower space nor will it lose any areas of coverage.
source: Bloomberg via TmoNews
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