VIEW EVENT INFORMATION: Sprint Corporation
Sprint To Sell Towers To TowerCo
JUL
24
Status: Available Now!
Type: News
Date: Thursday 24 July 2008, 12:02 PM
Media: Techcrunch

SOURCE
About the organization Sprint Corporation:
Type: Business
Sub-Types: Telecommunication, Telecommunication Hardware, Internet Service Provider
Notable Organizations: Sprint Corporation, Techcrunch

Struggling wireless carrier Sprint Nextel has agreed to sell almost all of its cellular towers to the aptly named TowerCo in an effort to generate some cash. The Wall Street Journal reported that the deal is expected to raise about $670 million, which Sprint will most likely use to pay down some of its $24 billion debt. Though the exact number of towers to be sold hasn’t been…
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