T-Mobile Seeking Funds, Will Sell Stock
Dec 8, 2014, 5:05 PM by Eric M. Zeman
T-Mobile today said it intends to raise capital by selling up to 17.4 million shares in stock. T-Mobile said it will use the proceeds from the sale for "general corporate purposes, including capital investments and acquisition of additional spectrum." T-Mobile said the money won't be used for the AWS-3 spectrum auction, which is taking place right now. T-Mobile didn't say how much cash it hopes to raise.
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US Cellular owns a bunch of the 700MHz that they could use. And Leap still has the 700 for Chicago which is the only top 10 market T-Mobile doesn't have 700Mhz i...