T-Mobile and Crown Castle Ink Long-Term Tower and Small Cell Deal

By John Celentano, Inside Towers Business Editor

T-Mobile US (NASDAQ: TMUS) and Crown Castle International (NYSE: CCI) yesterday announced a new 12-year agreement to support the continued build-out of T-Mobile's nationwide 5G network with increased access to Crown Castle's towers and small cell locations. The agreement is strategic to both companies. It enables T-Mobile to further expand its nationwide 5G network while also realizing financial synergies following its merger with Sprint. In the process, Crown Castle will garner new long-term tower and small cell revenues. “T-Mobile’s expanded alliance with long-term partner Crown Castle will fuel acceleration of our nationwide network build and provide synergies that we can further invest into that build,” said Neville Ray, T-Mobile President of Technology. “This agreement is another integral piece of T-Mobile’s ongoing efforts to rapidly expand what is already America’s largest 5G network.” Continue Reading