TowerCo will be buying up 3,300 of Sprints towers and renting them back to the US carrier.
As if you needed any further indication of Sprint’s downward spiral, they’ll be selling off 3,300 of their towers for $670 million to TowerCo. As bad as that sounds, TowerCo will actually be leasing these towers back to Sprint - think of it like outsourcing all of the gritty back-end work. Of course, with someone else handling all of that, it means that Sprint won’t have to keep all the tower maintenance crew on their end anymore and will probably lose a fair number of employees that TowerCo will be replacing. What do you guys think - savvy saving on Sprint’s part?
(via Engadget)
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