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.