Deutsche Telekom Seeking Funding for T-Mobile USA
T-Mobile USA parent company Deutsche Telekom is looking for ways to fund the fourth-place U.S. carrier now that its sale to AT&T has fallen through. One avenue the company is pursuing is a sale of T-Mobile's cell towers. Deutsche Telekom believes it can gain $1 to $2 billion dollars from such a sale. It is also looking into raising additional funding through the sale of bonds. Capital expenditures to run T-Mobile USA cost Deutsche Telekom about $3 billion annually. Deutsche Telekom will provide more information about the future of T-Mobile USA when it reports its quarterly earnings in February.
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