AT&T Lines Up $9.2 Billion to Pay for Spectrum
AT&T has padded its balance sheet with cash as the AWS-3 spectrum auction winds down. The company has lined up loans and credit facilities totaling $9.2 billion. The company also made billions of dollars of bonds available to investors late last year. Verizon is weighing whether or not to sell some of its landline assets in select markets to help pay for the new spectrum, though it hasn't made a final determination. Bids for the AWS-3 auction have reached about $45 billion and AT&T and Verizon Wireless are likely leading the bids.
Apple Weighing Refunds for Those Who Paid Full Price for iPhone Battery Replacements
Feb 6, 2018
Apple might give some customers a refund. The company is mulling whether or not it should offer cash back to those who paid full price to replace the battery of their older iPhone.
Apple Pay Cash Arrives In Latest iOS 11.2 Beta
Nov 7, 2017
Apple today released iOS 11.2 Beta 2 to public testers, one day after releasing the developer variant. Of note, iOS 11.2 Beta 2 introduces the Apple Pay Cash tool that Apple announced earlier this year.
Sprint to Sell Certain Network Assets for $2.2 Billion
Apr 7, 2016
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
FCC Says Incentive Auction Reaches End Point
Jan 18, 2017
The FCC today said the close of the fourth stage will mark the end of bidding in the auction for 600 MHz airwaves. The auction has been in progress since last May and worked its way through several stages.
Dish's Designated Entities Give Up 197 Spectrum Licenses
Oct 2, 2015
Northstar Wireless and SNR Wireless LicenseCo surrendered 197 AWS-3 spectrum licenses and paid a $413 million fine to the FCC for defaulting on their $3.3 billion payment. Dish Networks participated in this year's auction through Northstar and SNR.