Sprint, TowerCo seal deal on $670M tower sale
That sale of virtually all of Sprint's tower infrastructure announced back in July has now been finalized, giving buyer TowerCo a whole boatload of CDMA, iDEN, and WiMAX footprint it didn't have just a few hours ago. Sprint looks at the $670 million sale as a way to buy itself some "additional liquidity" and "focus more closely on our core business of providing communications services to our customers" (but let's be honest, it's really just about the additional liquidity); TowerCo, meanwhile, sounds like it's anticipating that it'll be able to lease out space on the towers to other carriers as they expand down the road. For its part, Sprint wasted no time signing up for a long-term lease on the very towers it just sold, but here's our doozy of a question: dare we say they're now a TowerCo MVNO?
[Thanks, moochy989]
