T-Mobile Closes Deal With Phoenix Tower
Phoenix Tower said it closed a transaction with T-Mobile to acquire the ownership or management rights to more than 600 wireless towers. The terms are “confidential,” Phoenix said in a news release. Just as AT&T and Verizon sold cell towers…
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ahead of the AWS-3 auction, “T-Mobile is working to build a war chest for the March broadcast incentive auction,” suggested Seeking Alpha, a financial news service. T-Mobile Chief Financial Officer Braxton Carter said last week T-Mobile plans to raise about $6 billion before the incentive auction, but could spend as much as $10 billion (see 1511120040).