T-Mobile USA completed its deal to sell long-term lease agreements...
T-Mobile USA completed its deal to sell long-term lease agreements on its 7,100 towers to Crown Castle International (CCI), CCI said Friday (http://xrl.us/bn39ng). Under the deal signed Sept. 28, CCI agreed to pay $2.4 billion for 28-year leases on the…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
towers and will have the option to buy the towers for an additional $2.4 billion at the end of the lease period (CD Oct 1 p16). The deal had an “immediate deleveraging effect” for T-Mobile owner Deutsche Telekom, which the company said will reduce its net debt (http://xrl.us/bn39mw).