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Deutsche Telekom AG Message Board

  • blackoutbuzz blackoutbuzz Oct 1, 2012 12:10 PM Flag

    T-Mobile selling tower operating rights

    Why are they selling towers? They got $4B last year from the failed T buyout attempt that they can spend on 4G deployment. Is that not enough money?

    --------------------------------

    In order to fund a network upgrade and reduce debt, carrier T-Mobile announced Friday its decision to sell Crown Castle (NYSE:CCI) the rights to operate 7,200 wireless broadcast towers for $2.4 billion. Under the terms of the deal, Crown Castle has the option to pay another $2.4 billion to buy the towers outright at the end of the lease, which would come between 2025 and 2048.

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    • To buy Metro PCS.

      Seems like a good move.

      • 1 Reply to A Yahoo! User
      • Not so sure about that. From today's Globe and Mail -----------------------

        Deutsche Telekom did not discuss a potential deal structure in its statement.

        But two sources familiar with the matter said that under terms of the deal being discussed, Deutsche Telekom would contribute its T-Mobile USA operations rather than paying cash. In return it would get a stake in MetroPCS, with the option to sell that on the stock market later.

        The structure, known as a reverse initial public offering, involves a private company such as T-Mobile USA gaining a public listing by acquiring a public company, said the sources who asked not to be named as they are unauthorized to speak to the media.

 
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