Sprint Nextel has agreed to sell nearly all its cell phone towers to a private-equity-backed firm called TowerCo in a deal that will generate about $670 million in cash for the struggling wireless carrier. The nation's third-largest wireless provider said Wednesday it plans to lease space on the towers for its wireless phone and broadband operations, which it said was cheaper than owning the towers outright. Major cell phone companies selling their towers is actually common. In recent years, wireless carriers have moved away from owning their own cellphone towers. Instead, companies like American Tower and Crown Castle International and smaller players like TowerCo have taken over ownership of towers and leased them to carriers. So what does this mean to all of Sprint's customers? Don't worry, Sprint selling their towers wont effect your service. You should still have the same service in the same areas. TowerCo taking ownership shouldn't hurt you and your calling at all.
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