The specific number of towers and final purchase price will be determined at closing of transaction. The transaction, subject to customary closing conditions, is expected to close in 90 days.
Bob Azzi, senior vice president of field engineering and operations at Sprint Nextel, said: By leasing rather than owning these network facilities, we can better focus on our core business of providing communications services to consumers, businesses and government customers. Significantly, this transaction provides Sprint Nextel with additional liquidity which gives us greater flexibility in managing our company.
