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Sprint Collects $1.5 Billion in Cash Via Note Sale

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Aug 14, 2012, 11:35 AM   by Eric M. Zeman   @phonescooper

Sprint today said that it has closed its offering of senior notes due in 2020 and generated about $1.5 billion in cash through the sale. The proceeds will be used to fund general operations for the carrier, including network upgrades.

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