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T-Mobile taking on $2 billion in debut to fund new spectrum buys


Newsbrief by Andrew Kameka on Tuesday November 19, 2013.

t-mobile · carrier news · andrew kameka

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T-Mobile US has spent much of the $4 billion it earned from the failed sale to AT&T on network improvements and completely altering its service plans in order to attract new customers. The fourth-largest carrier in the US has announced plans to sell $1 billion of Senior Notes that it will have to repay by 2022 and an additional $1 billion to be paid in 2024. Taking on the debt will allow T-Mobile to fund investments for its network and buy more licenses from spectrum holders and government auctions without compromising "financial stability."

source: T-Mobile

 
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