Wireless Industry News » T-Mobile Pads Spectrum Auction War Chest with $2B Bond Deal
T-Mobile is stocking up on cash just ahead of the FCC spectrum auction with a $2 billion bond deal.
According to a recent 8-K filing, T-Mobile has entered into an agreement with parent company Deutsche Telekom (DT) in which it will sell DT $2 billion in senior notes and use the cash generated from the deal to pick up low-band spectrum assets.
Under the terms of the agreement, T-Mobile can also use the money to refinance its debt or for “general corporate purposes” if it is not first used for spectrum. Read More