T-Mobile to sell $1 billion in debt to fund additional purchases of 700MHz spectrum
Today, it was announced that T-Mobile will issue $1 billion in debt to help fund more purchases of 700MHz A Block spectrum. T-Mobile has been purchasing such spectrum in the South and Southwest from Cellular South, Cavalier, C700 and more. By doing this, the mobile operator gets to fill in the gaps in its coverage.
Based on a map produced by Allnet Insights & Analytics, T-Mobile has the largest holdings of 700MHz A Block licenses in the U.S. And the mobile operator plans on putting these airwaves to good use. CFO Braxton Carter sees the company adding 30 million to 40 million more POPs in areas where it currently offers no service. Right now, T-Mobile's 4G LTE signal covers 305 million POPs in the states.
source: T-Mobile via FierceWireless