Saturday, September 29, 2012

T-Mobile leases 7,200 cash boost mobile towers to Crown Castle in a 28-year,

T-Mobile's just received a hefty cash boost thanks to a tower-leasing agreement it's entered into with Crown Castle. The deal leases 7,200 wireless towers to the infrastructure firm for a term of 28 years in exchange for $2.4 billion -- that T-Mobile's parent Deutsche Telekom will use to pay off debt. As part of the contract,
Crown Castle can buy the towers outright when the deal ends in 2040 for a further $2.4 billion -- and is planning to make money by adding another tenant to T-Mobile's system, so depending on your carrier, you might find your coverage suddenly getting a lot better.

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