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T-Mobile Selling Off Rights to 7,200 Cell Towers

Sep 28, 2012, 7:33 AM by Eric M. Zeman
updated Sep 28, 2012, 8:41 AM

T-Mobile USA today announced that it plans to sell the rights to approximately 7,200 of its cell towers to Crown Castle International for a total of $2.4 billion. Once the transfer is completed, Crown Castle will have legal control over the towers, which means it will be responsible for operating them. Crown Castle will have the option to purchase the towers outright at the end of the 28-year leasing period for an additional $2.4 billion. Crown Castle operates 83% of the cell towers in top 100 markets and 72% of the cell towers in top 50 markets. The companies expect the transaction to close during the fourth quarter of the year. By leasing the rights to its cell towers, T-Mobile USA says it will be left with more focus and more capital to fund its network modernization efforts.

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Versed

Sep 28, 2012, 7:46 AM

Let me get this strait?

Let me get this strait TMO is selling/leasing towers to itself for a couple of billion? I hope they pay taxes on the sale of these towers to themselves. If VZW or AT&T pulled off this shannagans their would already have been 167 discussion messages on how they're out to screw sociey.

Globhead

1. No, they are not selling towers to themselves.

2. If they WERE doing that, whatever that could possibly mean, why would they pay taxes on it?

3. Your description fails to include the entity Crown Castle, so obviously you have some more work t...
(continues)

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johnhr2

VZW and AT&T both lease out towers or lease towers to use, its not a new concept.

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crossedsignals

From Crown Castle's SEC Form DEF 14A (shows all owners of CCI holding >5% of the firm):

Other Security Ownership

The following is a tabulation as of March 26, 2012 of our stockholders who own beneficially in excess of 5% of our Common Stock.

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(continues)

Mark_S

Spellcheck=Straight

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muchdrama

Versed said:
Let me get this strait TMO is selling/leasing towers to itself for a couple of billion? I hope they pay taxes on the sale of these towers to themselves. If VZW or AT&T pulled off this shannagans their would already h

...
(continues)

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