CROWN CASTLE INC. acquired T-Mobile USA towers (lease/operate rights) for $2.4 billion (restated ~$2.486 billion at close), a transaction completed in November 2012, structured as all cash. The deal was a Asset purchase.
T-Mobile USA towers (lease/operate rights) operates in Towers, is based in United States; 83% of towers in top 100 US markets, 72% in top 50. Crown Castle acquired the exclusive right to lease and operate approximately 7,200 T-Mobile USA towers (approximately 7,100 sites at close) for $2.4 billion in cash at announcement (restated to approximately $2.486 billion at closing, subject to post-closing adjustments). T-Mobile USA is a subsidiary of Deutsche Telekom, AG.
Reinforces Crown Castle's position as the largest provider of wireless infrastructure in the US; urban-centric portfolio with 83% of towers in top 100 US markets and 72% in top 50 US markets.
Urban-centric portfolio concentrated in the largest US markets. Crown Castle towers segment
We are pleased to reach this mutually beneficial agreement with Crown Castle and take another step closer to realizing the bold vision outlined in our Challenger strategy to solidify our competitiveness in the industry by investing in areas where we anticipate the strongest return for our customers,John Legere, Chief Executive Officer, T-Mobile USA
Advisory firms were not disclosed for this transaction.