Wireless Industry News » T-Mobile Raising $1B for More 700 MHz Spectrum
T-Mobile on Tuesday launched a public offering of $1 billion in senior notes in its latest effort to raise funds for more spectrum.
While the Un-carrier has previously focused its efforts on securing approximately $4 billion to spend in the FCC’s 600 MHz incentive auction, T-Mobile has a different plan for this latest batch of funds.
According to Tuesday’s release, T-Mobile is aiming to use the money particularly for the purchase additional 700 MHz A-block spectrum, though the Un-carrier noted some of the cash may go to “other spectrum purchases.”
T-Mobile also said it spent an additional $700 million in January and February on deals with multiple third parties to exchange certain spectrum licenses and secure more 700 MHz A-Block spectrum licenses. Those licenses cover around 48 million people, T-Mobile said. Read More