Sprint Sells Off its Cell Towers
Sprint Nextel announced Thursday it plans to sell almost all of its wireless communication towers to TowerCo for $670 million in cash, InformationWeek reports:
“Under the terms of the deal, TowerCo will take over the operating and maintenance of approximately 3,300 towers that use Code-Division Multiple Access and Integrated Digital Enhanced Network technologies.” The report said that the two companies have also entered into a long-term lease that will let Sprint to run its cellular and WiMax networks from the towers, after the deal closes in the next three months.
Sprint
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