T-Mobile and American Tower ink new multiyear agreement
T-Mobile and American Tower Corporation have signed an almost 15-year term agreement to deliver significant value for both parties.
Under the terms of the collaboration, the deal is set to enhance T-Mobile’s access to American Tower’s US sites. As a result, it will maximise synergies between the two and facilitate T-Mobile’s deployment of nationwide 5G.
Additionally, the agreement also provides long-term revenue growth visibility to American Tower.
“Wireless mobility has never been more critical for consumers and businesses alike, and as technology continues to advance into 5G and beyond, that will only increase,” said Neville Ray (pictured), president of technology at T-Mobile.
“Through our multiyear agreement with American Tower, we’ve secured T-Mobile’s ability not only to accelerate our aggressive 5G build, but also to continue to deliver connectivity for our customers well into the future.”
Through the partnership, T-Mobile can continue to serve Americans’ wireless needs in the future and allows T-Mobile to increase momentum on its rapid 5G deployment, ‘adding coverage and enhancing speed in thousands of cities and towns across the country’.
“We look forward to strengthening our valued partnership with T-Mobile through this mutually beneficial, long-term agreement,” said Tom Bartlett, CEO of American Tower Corporation.
“We’re excited to help T-Mobile deploy next-generation 5G service across the country quickly and efficiently by utilising our extensive nationwide portfolio of communications sites.”
In related news, T-Mobile US divested its interests in Sprint’s prepaid wireless business Boost Mobile, to DISH Network Corporation for US$1.4 billion.