T-Mobile to sell $1 billion in debt to fund additional purchases of 700MHz spectrum
posted by Alan F. / Mar 29, 2016, 9:51 PM
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
And I still can't get no coverage inside the mall with tmobile in columbus, oh. I hope that 700mhz will be here soon.
posted on Mar 29, 2016, 10:48 PM 1
Posts: 276; Member since: Feb 03, 2016
It will be awhile... they have to win the bid, get everything transferred into their name, upgrade/tweak towers to start using... and then you will need a phone that can use the new 700MHz band (hopefully all it will take is a software upgrade and not a hardware upgrade) and have it enabled.
posted on Mar 30, 2016, 10:32 AM 0
Posts: 1946; Member since: Feb 15, 2012
My friends just switched to Tmobile, and when we speak (yes some of us still do) they sound as if they are in a tunnel or using cans. In addition, they must step outside from brick structures do to poor reception. Cricket is the better value, especially at $35 and best, it works just like AT&T.
posted on Mar 31, 2016, 3:06 PM 0
Posts: 356; Member since: Feb 23, 2016
I wanna sell my debt....
posted on Mar 29, 2016, 11:19 PM 1
Posts: 33; Member since: Mar 29, 2016
I think technically they're selling previous customer debt to collection agencies. Like "hey this deadbeat owes us $2000 but you can buy this account from us for $200 and try to collect on it yourself" only on a much bigger scale.
posted on Mar 29, 2016, 11:31 PM 3
Posts: 903; Member since: Feb 01, 2013
That's not how that works, that's not how any of that works... When this article references selling debt what it really means is that T-Mo is selling debt certificates. What is a debt certificate? Well think about it like a bank loan but instead of using a bank they are selling these certificates to private equity firms. By doing so T-Mo gets the benefit of the cash but these debt come with an attached interest rate on top of the certificate face value that T-Mo will have to pay the holder of the certificate when T-Mobile buys them back....
posted on Mar 30, 2016, 7:31 AM 0
I have noticed a massive difference in coverage quality where I live over the past year. I used to have to go to the top floor of my house and be in a very specific place in order to get service. Now I get normal 4G LTE data speeds in my basement or anywhere else I am.
posted on Mar 29, 2016, 11:38 PM 1
Posts: 173; Member since: Feb 06, 2016
I've heard a lot of bad about how they handle their customers, such as "billing errors in their favor" I've been debating leaving Sprint for T, as it looks like you have it and are likely one of the most reasonable people here, what would be your recommendation on me switching?
posted on Mar 30, 2016, 1:08 AM 0
Well, I haven't personally experienced any real deviations in my billing unless it was due to something I've done such as changing my plan, adding something, buying an app, etc. I can't really speak on the behalf of anyone having those kinds of issues, but I'm aware those accusations have been thrown around and T-Mobile was hit with fines for cramming and blocking emergency calls... last year I believe. Still, without having personally dealt with either of those issues I don't really feel qualified to weigh in on that. That being said, in my personal experience my coverage has only been getting better, their support services have been mostly useful and my bills have been consistent. I currently have a phone on Sprint and another on T-Mobile and I can say that T-Mobile's data is consistently much faster and more stable, but the two are basically tied in terms of dropped calls. I don't know where you live but I am in Atlanta so I can't speak to what service will be like in your area. But between binge on, Jump/Jump on demand, music freedom and the much faster data, I would consider it worth the switch. Where I am, their plans are now more expensive than Sprint's (due to their recent aggressively priced plans), and Sprint may have better coverage depending on where you live.... But I do think the slightly higher price tag is worth it considering what you get in exchange.
posted on Mar 30, 2016, 2:29 AM 1
Posts: 173; Member since: Feb 06, 2016
Thank you very much for the time I'm sure that took to type out. My coverage is horrible at home and simply OKAY while in town, though I've heard others with T in the area get fantastic coverage, thus why I was considering it (need my unlimited data), dropped calls have never been an issue for me personally on Sprint, I just honestly have never had that issue (unintentionally). So I will take what you've said into consideration and will likely be switching in all honesty.
posted on Mar 30, 2016, 2:39 AM 0
Posts: 7; Member since: Nov 26, 2012
No way man they are awesome with billing errors! When i canceled two of my lines they accidentally left it on the account, but when i called in about they immediately credited my account and gave alittle extra for my trouble. Along with my JOD phone they accidentally made a new one but one quick call to CS and they fixed it immediately. I think they are on par with AT&T when it comes to correcting billing errors. Give them a try, you wont regret the gsm freedom!
posted on Mar 30, 2016, 6:55 AM 0
Best idea would be to ask someone in your area who has T-Mobile about their service. I know here in Philadelphia T-Mobile actually has the best coverage and fastest 4GLTE speeds, again in the city itself. I have Verizon and my friend with T-Mobile has blazing fast speeds and same/or better coverage.
posted on Mar 30, 2016, 1:34 PM 0
Posts: 25; Member since: Mar 29, 2016
Pathetic T-Mobile , keep the dam spectrum, you need it
posted on Mar 30, 2016, 12:15 AM 0
Unless I severely misread that article, it didn't say anything about T-Mobile selling spectrum. They said they were selling debt to acquire more spectrum.
posted on Mar 30, 2016, 2:09 AM 4
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