Sprint to Raise $3.5 Billion on Sale-Leaseback of Airwaves

  • U.S. carrier says deal involves about 14% of its airwaves
  • CFO said in March up to $5 billion could be raised on spectrum

Sprint Corp., the unprofitable wireless carrier controlled by SoftBank Group Corp., is using airwaves as collateral to borrow as much as $3.5 billion to fund its business.

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