T-Mobile USA is close to inking a deal to sell 7,000 cell towers, according to a new report.
Tower operator Crown Castle International is the lead bidder for T-Mobile's towers, the Wall Street Journal is reporting today, citing sources. The deal could net T-Mobile $2 billion and cut down on costs related to tower upkeep and service.
Talk of T-Mobile putting its towers up for sale emerged back in March. At that time, J.P. Morgan analyst Philip Cusick said that in addition to the sales price, T-Mobile could save as much as $3 billion a year just … Read more