T-Mobile leases 7,200 cell towers to Crown Castle for $2.4B
T-Mobile USA has agreed to sell the rights to its network of cellular towers to Crown Castle for $2.4 billion as it looks to focus on its core operations.
T-Mobile has been shopping its 7,200 cell towers around for several years, seeing it as an easy way to bring in some badly needed cash that can be funneled into its network upgrade. The carrier has already committed to spending $4 billion over the next three years as it works to build out its 4G LTE network.
Under the agreement announced today, Austin, Texas-based Crown Castle will operate the towers for 28 years and have the right to…
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