Big tower build bonanza for towercos and contractors announced by Sprint

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Sprint CFO Tarek Robbiati last week gave the industry an early holiday present – thousands of new towers to be built across the nation.

At the 45th Annual UBS Global Media and Communications conference, Robbiati said the carrier intends to spend upwards of $4 billion on its network during fiscal 2017, which ends in March 2018, and expects to increase spending to between $5 billion and $6 billion in fiscal 2018, and that level of spending should continue for the next couple of years.

Robbiati said, “…we are going to add a few new towers because our network footprint is probably in need of an expansion in some specific neighborhoods where we feel we are a little bit short.”

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