T-Mobile USA has received a number of second round offers for its 7,300 towers it is looking to sell, including bids from American Tower and Crown Castle, according to a report. With reference to an anonymous person with knowledge of the deal, Bloomberg…
T-Mobile USA has received a number of second round offers for its 7,300 towers it is looking to sell, including bids from American Tower and Crown Castle, according to a report.
With reference to an anonymous person with knowledge of the deal, Bloomberg wrote that private equity firms have also submitted bids for the assets, which T-Mobile will leaseback after any sale.
Parent Deutsche Telekom is disposing the towers to raise capital for T-Mobile so it can become more financially independent and has the funds to acquire spectrum and upgrade its network.
In early May the subsidiary’s CTO said that a sale could take months.
T-Mobile has appointed TAP Advisors to sell the towers, with analysts suggesting it could receive US$2bn – US$3bn for the assets.
The tower sell-off follows the unsuccessful attempt by AT&T to buy T-Mobile USA last year, which fell apart due to antitrust concerns.
