T-MOBILE CONSIDERING SELLING CELL TOWERS TO RAISE FUNDS FOR CAPITAL SPENDING

During a speech today in New York City, Deutsche Telecom CEO, Rene Obermann, told investors that T-Mobile USA would consider “selling nonstrategic assets such as its broadcast cellular towers in order to raise additional funds for capital spending.” We were under the distinct impression that cellular towers were, in fact, capital assets (especially for a wireless provider). It is also a little disconcerting that the towers were referred to as “nonstrategic.”

“We’re definitely not in a rush,” said Olbermann, “the financials [would have to] work out.”

T-Mobile USA’s CEO, Phillip Humm, promised investors $3 billion in revenue growth over the next few years; T-Mobile’s revenues have been, for the most part, flat over the past two years.