T-Mobile USA’s towers have attracted a substantial number of potential buyers, according to the company’s CTO, Neville Ray. Speaking to Reuters, he also cautioned that a sale could take months. The tower sell-off follows the unsuccessful attempt by…
T-Mobile USA’s towers have attracted a substantial number of potential buyers, according to the company’s CTO, Neville Ray. Speaking to Reuters, he also cautioned that a sale could take months.
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. T-Mobile USA is now looking to become more financially independent of its parent company Deutsche Telekom, the article noted.
Potential buyers of the 7,000 towers include established tower operators, according to Ray. However, the executive would not divulge the names of any interested parties or how much he expected T-Mobile USA to receive from the deal.
According to the report, analysts have valued the towers between US$2bn and US$3bn, and predict existing tower operators such as American Tower, Crown Castle and SBA Communications to take an interest in the sale.
