Tuesday, November 12, 2013

T-Mobile US Looks to Raise $1.8 Billion for Spectrum Auctions

T-Mobile US plans to offer 66,150,000 shares of its common stock in a registered public offering.

The sale could raised about $1.8 billion for the company.

T-Mobile said it will use the net proceeds for general corporate purposes, including capital investments such as acquiring additional spectrum in private party transactions and/or government auctions. T-Mobile intends to grant the underwriters in this offering the option to purchase up to an additional 6,615,000 shares of its common stock.


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