T-Mobile has been ferreting a lot of cash under the mattress in preparation for the day it can pounce on new mobile broadband airwaves. It raised $1.8 billion through a stock sale last week, and on Monday it filed the paperwork for a bond sale, which could add an additional $2 billion to its coffers. According to the Wall Street Journal, T-Mobile is considering using the new funds for a spectrum buy from another company. There’s not much loose 4G spectrum in the market these days, but the most likely targets are the 700 MHz licenses Verizon Wireless agreed to shed when it bought up the cable companies airwaves.
Story posted at: online.wsj.com