Sprint to sell 3,300 cell-phone towers
- 07/23/2008 11:02 PM CDT
Sprint Nextel said Wednesday that it would raise $670 million in cash by selling about 3,300 cell-phone towers.
Sprint Nextel said Wednesday that it would raise $670 million in cash by selling about 3,300 cell-phone towers.
Sprint Nextel said today it will sell 3,300 towers in a deal for $670 million in cash. “By leasing rather than owning these network facilities, we can better focus on our core business of providing communications services to consumers, businesses and government customers,” Bob Azzi, senior vice president for field engineering and operations for Sprint, said in a statement. “Significantly, this transaction provides Sprint Nextel with additional liquidity which gives us...
SK Telecom said Thursday that it had no plans to buy Sprint Nextel or any other major U.S. wireless company.
Sprint and one of its remaining wireless affiliates may be arguing the same legal point in courts in two states.