Sprint announced the sale of nearly all its cellular towers to TowerCo for $670 million in cash. The deal includes approximately 3,300 CDMA and iDEN network towers. TowerCo will take over the running and maintenance of the towers, and Sprint will lease the use of the towers from TowerCo so it may continue to run its network. The sale frees up Sprint personnel from managing the towers, and gives Sprint a large amount of cash, both of which will help it focus on its core business of providing communications services.
Sprint announced the sale of nearly all its cellular towers to TowerCo for $670 million in cash. The deal includes approximately 3,300 CDMA and iDEN network towers. TowerCo will take over the running and maintenance of the towers, and Sprint will lease the use of the towers from TowerCo so it may continue to run its network. The sale frees up Sprint personnel from managing the towers, and gives Sprint a large amount of cash, both of which will help it focus on its core business of providing communications services.
Why is that the beginning of the end and not a sound financial/business decision? The new CEO is far from dumb and doesn't do things on a whim.
I agree, perhaps Sprint is getting the hint. A division of Labor might just be the ticket to turning Sprint around and starting to compete with the other companies. Then they can start fixing the things that need to be fixed.
Posted from my CrackBerry at wapforums.crackberry.com
