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Submission + - T-Mobile sells Tower Rights to Crown Castle (nytimes.com)

puddingebola writes: From the article, "Crown Castle, a major wireless tower operator, has agreed to pay T-Mobile $2.4 billion in cash for rights to 7,200 cell phone towers.For Crown Castle, the deal will allow the company to significantly expand its network of towers in the top markets of United States and improve service in densely populated cities. The transaction, which will increase its tower count by a third, will be financed by a mix of cash and debt. It is expected to close in the fourth quarter of this year." The article says T-Mobile is looking to pay down debt after the collapsed merger with AT&T.

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