Monday, June 25, 2012

T-Mobile's tower sale attracts interest from American Tower, Crown Castle

T-Mobile USA has received a second round of bids for its cellular towers, attracting offers from companies such as American Tower (AMT) and Crown Castle International (CCI), Bloomberg reports, citing an unnamed source with knowledge of the talks. The cellco has also reportedly received bids from a number of as-yet-unnamed private equity firms it added. T-Mobile, which is owned by Germany’s Deutsche Telekom (DT), currently has around 7,000 cell towers in the US.*As previously reported by TeleGeography’s CommsUpdate, in March T-Mobile hired New York bank TAP Advisors to help sell off wireless towers and raise cash for parent company DT


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