T-Mobile Sells 600 Towers to Phoenix Tower

[cdmagurus.com]

T-Mobile has finalized the sale of some 600 cell towers to Phoenix Tower International. The deal, first announced in August, transferred ownership and management rights to Phoenix Tower. Terms of the transaction were not disclosed. T-Mobile is preparing its finances for next year's incentive auction. The sale could provide T-Mobile with some of the cash needed for the spectrum licenses. T-Mobile said it would spend up to $10 billion for the valuable low-band airwaves.


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