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. The German parent halted its plan to sell off some of its US assets in 2011 after agreeing to AT&T Inc’s USD39 billion bid for T-Mobile, only for the deal to collapse in December because of insurmountable regulatory hurdles.
T-Mobile is not the first major carrier to consider selling its towers. Sprint Nextel in 2008 sold 3,080 towers to TowerCo for an estimated USD670 million in cash, while 2009 saw AT&T divest 235 communication towers to Global Tower Partners for an undisclosed sum.