T-Mobile USA gets fresh bids for towers - report

Thursday 21 June 2012 | 09:15 CET | News
T-Mobile USA received a second round of bids for its mobile towers, attracting offers from companies such as American Tower and Crown Castle, a person with knowledge of the deal told Bloomberg. The unit of Deutsche Telekom, which owns about 7,000 antenna towers in the US, has also received bids from private-equity firms. Kevin Smithen, an analyst with Macquarie Capital in New York, said the sale could raise USD 2 billion. He expects a buyer could be announced in July and the deal close in September. The proceeds would help pay for T-Mobile's ongoing network upgrades.

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Categories: Mobile & Wireless
Companies: Crown Castle / Deutsche Telekom / T-Mobile USA
Countries: United States
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