T-Mobile, American Tower Ink 15-Year Master Link Agreement

T-Mobile signed a 15-year master lease agreement with American Tower, they said Tuesday. It "enhances T-Mobile’s access to American Tower’s U.S. sites while locking in synergies and facilitating T-Mobile’s continued rapid, efficient deployment of broad and deep nationwide 5G,” they said. American Tower raised its guidance for revenue in 2020 by $95 million, New Street's Spencer Kurn wrote: “The agreement paves the way for T-Mobile to integrate Sprint’s spectrum into their network, sets parameters for them to decommission Sprint’s legacy sites, and significantly increases visibility on revenue growth” for the tower company. Kurn expects similar agreements with the other major tower companies.