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Tag - TowerCo
National carrier Sprint has signed a deal to sell a massive number of cellular towers, according to an announcement. The company says it is selling approximately 3,300 towers to TowerCo, a deal that should gain Sprint about $670 million in cash. Because the company still needs the towers to maintain coverage, it has arranged a licensing deal with TowerCo that will see it provide CDMA, iDEN and WiMAX support in exchange for a regular leasing fee.