Crown Castle buys rights to T-Mobile towers

Sep 28, 2012

(AP)—Crown Castle International says it has agreed to buy the rights to about 7,200 T-Mobile towers for $2.4 billion in cash.

Under the agreement, Crown Castle will have the right to lease and operate the towers for an average of about 28 years.

The company also will have the option to buy the towers at the end of the lease terms for payments totaling about $2.4 billion. The deal is expected to close in fourth quarter.

Houston-based Crown Castle International Corp. owns, operates and leases wireless towers and antennas. It says that many of the towers are located in top markets across the U.S. and will help the company grow.

T-Mobile, which is owned by AG, says the cash generated from the deal will pay for upgrades to its network.

Explore further: DOCOMO and Huawei confirm LTE network over unlicensed spectrum

not rated yet
add to favorites email to friend print save as pdf

Related Stories

AT&T: T-Mobile 3G phones will need to be replaced

Mar 21, 2011

AT&T Inc. said Monday that if its deal to buy T-Mobile USA goes through, T-Mobile subscribers with "3G" phones will need to replace those to keep their wireless broadband service working. But there will be ...

T-Mobile picks Ericsson, Nokia Siemens for network

May 08, 2012

(AP) -- T-Mobile USA on Tuesday said that Nokia Siemens Networks and LM Ericsson AB will supply the network equipment for its new wireless broadband network, a project worth $4 billion.

IPhone sucks subscribers away from T-Mobile USA

Feb 23, 2012

(AP) -- Customers have been leaving T-Mobile USA, the country's No. 4 cellphone company, for the last two years. Now that all three of the bigger carriers have the iPhone, that stream has turned into a flood.

CEO of T-Mobile USA resigns, succeeded by COO

Jun 27, 2012

(AP) — T-Mobile USA, the country's fourth-largest cellphone carrier, on Wednesday said that its CEO has resigned and its chief operating officer is filling in while the company searches for a replacement.

AT&T to buy T-Mobile USA for $39 bn

Mar 20, 2011

AT&T agreed to buy T-Mobile USA from Germany's Deutsche Telekom for $39 billion in a blockbuster deal in the wireless telecom sector, the two companies announced Sunday.

AT&T CEO takes $2M pay cut over T-Mobile deal

Feb 21, 2012

(AP) -- AT&T's board cut CEO Randall Stephenson's 2011 pay by $2.08 million because he engineered the failed deal to buy T-Mobile USA, according to a regulatory filing.

Recommended for you

Bringing emergency communications together

11 hours ago

A new University of Adelaide research project aims to improve emergency operations through integrated communications systems for police and the emergency services.

For top broadband policy, look no further than Canada

Aug 20, 2014

You might have seen communications minister Malcolm Turnbull raising the issue about Australian press not discussing policy problems and solutions from overseas, in a speech delivered at the Lowy Institute Media Awards last week: ...

Cities, states face off on municipal broadband

Aug 19, 2014

Wilson, N.C., determined nearly a decade ago that high-speed Internet access would be essential to the community's social and economic health in the 21st century, just as electricity, water and sewers were in the previous ...

New loss mechanism for global 4G roaming

Aug 19, 2014

A loss mechanism that has not been an issue in previous mobile handset antennas will become important for global 4G roaming, according to results of experiments carried out in Aalborg, Denmark.

User comments : 0