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Updated:07/24, 12:25pm, EDT
macnn: tag: TowerCo
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Sprint to sell 3,300 cellular towers for cash

July 24 - 12:25pm EDT   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. [full story]
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