T-Mobile Said to Hire TAP Advisors to Help Sell US Towers

T-Mobile USA hired TAP Advisors LLC to help sell wireless towers and raise cash for parent Deutsche Telekom AG, said people familiar with the matter.

Deutsche Telekom appointed the New York boutique bank to renew the search for a buyer after an aborted effort last year, said the people, who declined to be identified because the matter is private. The disposal may raise as much as $3 billion, according to an estimate by Kevin Smithen, an analyst at Macquarie Capital USA. “They lost a lot of time last year and that creates urgency to find a solution for those assets soon,” said Jan Goehmann, an analyst at NordLB in Hanover, Germany, who recommends investors buy Deutsche Telekom shares. “This is the logical next step.”