Sprint Nextel sells 3,300 towers to TowerCo for USD 670 million (US)Sprint Nextel has sold it’s 3,300 mobile towers to infrastructure operator TowerCo for USD 670million, which are concentrated in large metropolitian markets throughout the US. The sale will help Nextel focus more on it’s core communications services business while also increasing its liquidity.
Sprint will lease back the towers for use in its CDMA, iDEN and WiMAX networks.
