T-Mobile Hires TAP Advisors for Mobile Tower Sale

T-Mobile USA, the carrier which is reportedly seeking ways to gain funds, has allegedly hired TAP Advisors to help sell its mobile towers. Individuals ‘in the know’ regarding the matter told Bloomberg about the matter. T-Mobile’s parent company, Deutsche Telekom appointed the New York boutique bank to restart the search for a potential buyer after an effort to do the same last year failed.

Deutsche Telekom halted its plans to sell assets last year after agreeing to AT&T’s $39 billion bid for T-Mobile however, when the deal collapsed in December because of obstacles based on regulations, Deutsche Telekom said that it would revisit the previous idea of tower sales to raise funds for the purported reason of spectrum purchases and network expansion.

American tower operators such as American Tower Corporation, Crown Castle and SBA Communications are considered to be potential buyers and several business analysts have reported that the sale could raise up to $3 billion. An AT&T spokesman also released a statement saying that the operator has considered the sale as part of its self-funding strategy, but as for more than that, the individual declined to discuss the details.