T-Mobile USA has hired New York bank TAP Advisors to help sell off wireless towers and raise cash for parent company Deutsche Telekom (DT), Bloomberg reports, citing people familiar with the matter. DT halted its plan to sell off some of its US assets last year after agreeing to AT&T Inc’s USD39 billion bid for T-Mobile, only for the deal to collapse in December because of insurmountable regulatory hurdles. A press statement issued by the operator acknowledged the plan, but stopped short of confirming the details: ‘T-Mobile USA continues to evaluate a tower sale as part of its self-funding strategy, but have no specific plans to detail at this time’.
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OVETEL T-Mobile taps TAP to sell towers
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