Sprint Seeking More Cash
Sprint today announced that it plans to sell notes in a bid to raise more cash. According to Sprint, any proceeds derived from the sale of notes will be put toward network expansion and modernization efforts, its pension program, and other general corporate purposes. Sprint didn't say when it will sell the notes, nor how much it is looking to raise. SoftBank recently paid Sprint more than $20 billion for a large equity stake in the company. Sprint recently launched Sprint Spark, an effort to speed up its LTE network, and continues to deploy LTE around the country.
20 billion from Softbank. . .not enough?
Hey, I'm seeking more cash too!
"its pension program, and other general corporate purposes"