Sprint Raising More Capital for Network Expansion
Article Comments 6
Feb 19, 2015, 2:59 PM by Eric M. Zeman
Sprint is looking to raise more cash for covering a variety of expenses. To that end, the company today kicked off a sale of $1 billion in senior notes. The company said proceeds from the note sale will be used for general corporate purposes, debt maintenance, and network expansion and modernization. The company has held numerous such sales over the last few years to keep up with the costs of building and deploying its LTE 4G network.
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Hard To Justify..
I mean, that money there could have gone toward network improvements, as well as customer service improvements, but Sprint has always been the only carrier to blow through cash like a fire in an orphanage.
Before you waste mine and everyone else's time with the predictable "I never said Sprint was going out of business, I just said blah, blah, blah," please al...