CROWN CASTLE INC. acquires T-Mobile USA towers (lease/operate rights)
Snapshot
CROWN CASTLE INC. acquired T-Mobile USA towers (lease/operate rights) for $2.4 billion (restated ~$2.486 billion at close) in November 2012. The transaction was structured as all cash. T-Mobile USA towers (lease/operate rights) is a United States; 83% of towers in top 100 US markets, 72% in top 50-based Towers business.
- Acquirer
- CROWN CASTLE INC.
- Target
- T-Mobile USA towers (lease/operate rights)
- Value
- $2.4 billion (restated ~$2.486 billion at close)
- Date
- November 2012
- Type
- asset purchase
- Status
- ready
The deal at a glance
About this deal
CROWN CASTLE INC. acquired T-Mobile USA towers (lease/operate rights) for $2.4 billion (restated ~$2.486 billion at close), a transaction completed in November 2012, structured as all cash. The deal was a asset purchase.
T-Mobile USA towers (lease/operate rights) operates in Towers, is based in United States; 83% of towers in top 100 US markets, 72% in top 50. Crown Castle acquired the exclusive right to lease and operate approximately 7,200 T-Mobile USA towers (approximately 7,100 sites at close) for $2.4 billion in cash at announcement (restated to approximately $2.486 billion at closing, subject to post-closing adjustments). T-Mobile USA is a subsidiary of Deutsche Telekom, AG.
Reinforces Crown Castle's position as the largest provider of wireless infrastructure in the US; urban-centric portfolio with 83% of towers in top 100 US markets and 72% in top 50 US markets.
Urban-centric portfolio concentrated in the largest US markets. Crown Castle towers segment
No advisory firms have been disclosed for this transaction.