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NTelos Selling 103 Western U.S. Towers for $41 Million

Sprint wholesale partner nTelos Wireless said it plans to sell 103 of its remaining wireless towers to a Grain Management affiliate for $41 million. NTelos said it will sign a long-term lease agreement on the towers, which are all in…

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western U.S. markets. NTelos said it will continue to focus on its business in western Virginia and West Virginia. The announcement occurred less than two months after nTelos said it was selling its 1900 MHz PCS spectrum licenses in eastern Virginia to T-Mobile (see 1412020025).