July 31 Cellphone tower operator Crown Castle
International Corp has emerged as the lead bidder for
the wireless broadcast towers that T-Mobile USA is trying to
sell, according to a Wall Street Journal report.
A deal for more than $2 billion could be struck soon, the
paper reported, citing people familiar with the matter.
However, rival bidders American Tower Corp. and
Global Tower Partners were still in the running although talks
with Crown Castle were more advanced but could still fail, the
None of the named bidders were immediately available for
comment. T-Mobile declined to comment.
T-Mobile had previously said it would explore the sale of
its 37,000 wireless towers in an effort to make the company more
financially independent of its parent Deutsche Telekom
after its attempt to sell T-Mobile USA to rival AT&T
Inc failed last year due to regulatory opposition.