T-Mobile Moves To Raise Roughly $2B For Spectrum Buys

Law360, New York (November 12, 2013, 7:26 PM EST) -- T-Mobile US Inc. is gearing up for a public offering of 66.15 million shares of common stock, to help boost its financial flexibility for spectrum purchases in either private party transactions or government auctions, according to a statement Monday.

On Friday, T-Mobile’s stock closed at $27.68 per share, which along with the company’s plan to offer an additional 6.6 million shares of common stock to underwriters, would value the offering at as much as $2 billion.

The company’s prospectus highlights the necessity for having cash on...
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