Sprint to sell cellphone towers to pay down debt

SprintWe all know Sprint has seen better times. Building of WiMAX network has drained their financial sources and the carrier needs some fresh money to pay off some of debt. That being said, they’ve agreed to sell about 3,300 cellphone towers, nearly all of them, to a private-equity-backed firm – TowerCo. Sprint will use the money raised to pay down some of its $24 billion debt…

C’mon folks, get your things together. Show us some WiMAX love and people will return. Also make sure your portfolio is on par with what AT&T and Verizon have to offer. It’s that easy, or at least sounds that easy. ;)

[Via: textually, WSJ]

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