T-Mobile close to $2 billion deal for its 7,000 towers, report says
Crown Castle International is reportedly the lead bidder at the moment, and a deal could be announced "soon."
T-Mobile USA is close to inking a deal to sell 7,000 cell towers, according to a new report.
Talk ofemerged 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 by offloading the towers.
Although T-Mobile has put its towers on the block before, the company is arguably more motivated than ever to sell them. T-Mobile is the smallest carrier in the U.S. and the only major provider that doesn't sell the iPhone. What it needs now is cash. And fast. A tower sale could help deliver that.
According to the Journal, T-Mobile's talks with Crown Castle have moved to advanced stages. However, the company is still weighing bids from rival operators American Tower and Global Tower Partners.
CNET has contacted both T-Mobile and Crown Castle for comment on the Journal's report. We will update this story when we have more information.