T-Mobile Raising Funds – Will Sell Stock

Posted by at 8:46 am on December 9, 2014

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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