Filed in archive
Mobile
by jeff goldman on July 23, 2008
Sprint today announced an agreement to sell approximately 3,300 of its cell towers to TowerCo for about $670 million in cash - under the terms of the agreement, TowerCo will then lease the towers back to Sprint as needed.
"By leasing rather than owning these network facilities, we can better focus on our core business of providing communications services to consumers, businesses and government customers," says Sprint's Bob Azzi, putting a brave face on a pretty sad state of affairs...
The transaction is expected to close in 90 days.
More here from RTTNews ... more here from Reuters ... more here from Sprint Connection ... and the press release is here.
Tags:
Sprint
TowerCo
nextel
cell
tower
towers
mobile
phone
mast
repeater
670
million
liquid
liquidity
spri
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/129677
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Sprint to Sell 3,300 of Its Cell Towers to TowerCo for $670 Million:
|
Rating: 9.00 out of 2 vote(s) cast.
|
Response from:
Urlrecorder - URL sharing
Your url was recorded with keywords contents!
Response from:
Post Saver - Website voting and saving system
Bookmarked your page with keywords digitaltv!
Subscribe
Marketplace
- mobile broadband
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
