Ina Fried

Recent Posts by Ina Fried

T-Mobile USA Eyes Tower Sales to Raise Cash

T-Mobile USA continues to look at selling some of its cell towers in an effort to raise money for its network upgrade plans.

According to Bloomberg, T-Mobile has hired TAP Advisors to explore a sale, which could raise as much as $3 billion. T-Mobile has about 7,000 U.S. towers, the fifth-largest collection.

In a statement to AllThingsD, T-Mobile said a tower sale remains under consideration.

“T-Mobile USA continues to evaluate a tower sale as part of its self-funding strategy, but (we) have no specific plans to detail at this time,” the company said.

After failing to sell itself last year to AT&T, T-Mobile is now looking to go it alone. Parent Deutsche Telekom has said the company will spend $4 billion over the coming years to upgrade the T-Mobile network to support LTE.

The move involves reusing current spectrum as well as spectrum gained as part of the breakup fee paid by AT&T after regulators blocked the acquisition.

T-Mobile said last week it was cutting at least 1,900 call center jobs as part of a series of restructuring moves it plans to make.

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I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik