Sprint Nextel sells towers for USD670 million

25 Sep 2008

Sprint Nextel has completed the sale of 3,080 towers to TowerCo, for an estimated USD670 million in cash. The number of towers and their sale price are still subject to post-close adjustment. Bob Azzi, Sprint’s Senior Vice President, Network Services said, ‘Leasing rather than owning these network facilities is a more efficient use of resources’.

United States, Sprint Corporation (now part of T-Mobile US)