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T-Mobile Selling 7,000 Towers

By August 2, 2012May 11th, 2021Blog

T-Mobile USA is selling some 7,000 mobile towers to cut down on costs related to service and upkeep. The rumors emerged back in March, and a J.P. Morgan analyst predicted that by selling the towers, T-Mobile could save well over $3 billion a year. At the time, T-Mobile did not rush the sales of their towers, but now the small mobile carrier is in desperate need of funds.

T-Mobile is the smallest carrier that still exists independently in the US, and they are the only carrier that hasn’t been able to obtain selling rights for the iPhone. Currently, Crown Castle International holds the leading bid for T-Mobile’s cell phone towers; the company is offering T-Mobile nearly $2 billion. That, combined with the $3 billion the carrier will save every year, may be exactly what the company needs to more aggressively take on larger wireless carriers. What T-Mobile plans to do with the money is currently unknown.

Though nothing official has been announced, the talks with Crown Castle are rumored to have already advanced to a later stage. T-Mobile appears to still be entertaining bids from American Tower and Global Tower Partners, however.

Jason Manteiga

Jason J. Manteiga, Vice President of Olmec Systems, has been part of the company for over the past 20 years. He believes that having a great work environment and supportive team, is the ultimate key to success. Since being in the IT realm for over 25 years, Jason, along with Olmec Systems, has been on the Inc. 5000 “List of America’s Fastest Growing Private Companies” and Channel Futures MSP 501 “Top Managed Service Providers in North America,” along with other awards and nominations. Jason earned his Bachelor Degree in Information Systems from the New Jersey Institute of Technology. He also holds certifications in Microsoft MCSE, VMWare VCP, and Cisco CCNA. In his spare time, Jason is a contributor for The Center for Social & Legal Research (Privacy Exchange) and a member of the Morris County Chamber of Commerce. His hobbies include cycling and kayaking. He currently lives in New Jersey with his wife, two daughters and son.