Mobile

T-Mobile Looks to Raise Money to Buy Spectrum

Published on November 18, 2013
by Thomas Gryta

T-Mobile US Inc. plans to sell $2 billion in debt after raising nearly that amount in a stock sale, as the company beefs up its war chest for acquiring wireless spectrum.

The fourth-largest U.S. wireless carrier said in a filing Monday that it could use the money for a number of purposes including spectrum purchases, a goal it has been open about recently. Also Monday, the company said it had raised a net $1.8 billion from a sale of stock last week.

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