Sunday, October 7, 2012
T-Mobile leases 7,200 mobile towers to Crown Castle in a 28-year, $2.4 billion deal
T-Mobile has received a strong boost thanks to a cash lease turn it concluded with Crown Castle. The 7200 lease wireless towers to infrastructure company for a period of 28 years in exchange for $ 2.4 billion - the parent company of T-Mobile from Deutsche Telekom used to pay the debt. As part of the agreement, Crown Castle towers can buy openly when the contract ends in 2040 with a new $ 2.4 billion - and intends to make money by adding another tenant of T -Mobile's system, so depending on your carrier, you may suddenly find their coverage improves.
Read T-Mobile leases7200 mobile towers to Crown Castle in a 28-year, $ 2.4 billion deal
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