Deals
T-Mobile’s Cell-Tower Sale Is Said to Attract Bidders
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T-Mobile USA Inc. received a second round of bids for its cellular towers, attracting offers from companies such as American Tower Corp. and Crown Castle International Corp., a person with knowledge of the deal said.
The unit of Deutsche Telekom AG, which owns about 7,000 antenna towers in the U.S., has also received bids from private-equity firms, said the person, who asked not to be named because the discussions aren’t public. Selling the assets could raise about $2 billion, according to Kevin Smithen, an analyst with Macquarie Capital in New York.